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ACT 300 MODULE 4 COST OF ENDING INVENTORY

ACT 300 MODULE 4 COST OF ENDING INVENTORY

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ACT 300 MODULE 4 COST OF ENDING INVENTORY

During April, Leary Company sold 1,000 units of Product Q. Product Q’s beginning inventory and purchases during the month are shown below. (Assume the periodic inventory system is used.) April 1

Beginning inventory

200 units @ $1

April 5

Purchases

200 units @ $2

April 10

Purchases

200 units @ $3

April 15

Purchases

200 units @ $4

April 20

Purchases

200 units @ $5

April 25

Purchases

200 units @ $6

(more)
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