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ACCT216 Week 4 Homework Assignment Set A

ACCT216 Week 4 Homework Assignment Set A

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Suppose Robotics, Inc.’s inventory records for a particular item indicated the following transactions in September:
September  1

Beginning Inventory

10 units @ $29

September 9

Purchase

18 units @ $32

September 23

Purchase

9 units @ $30

September 28

Purchase

6 units @ 31

Required: The company sold 24 units on September 30. Compute the ending inventory and cost of goods sold using each of the following methods:

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