A company began January with 6,000 units of its principal product. The cost of each...
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A company began January with 6,000 units of its principal product. The cost of each unit is $8. Inventory transactions for the month of January are as follows: Purchases Date of Purchase Unit Cost Total Cost January 10 January 18 $9 10 $ 45,000 60,000 5,000 6,000 Totals Units 11,000 *Includes purchase price and cost of freight. $ 105,000 ces Sales Date of Sale January 5 Units 3,000 January 12 January 20 2,800 4,000 Total 9,000 8,000 units were on hand at the end of the month. Required
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