Please quickly Sur Company had the following transactions for the month of April. The...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Please quickly
Sur Company had the following transactions for the month of April. The company is using Moving Average Perpetual Inventory System. Date Units 1-Apr 10-Apr 12-Apr 20-Apr 25-Apr 28-Apr Transaction Beginning Inventory Purchase Sale (at retail price) Purchase Purchase Sale (at retail price) 500 700 600 800 400 1000 Per Unit (OMR) Total (OMR) 2.00 1,000.00 2.50 1,750.00 5.00 3,000.00 3.00 2,400.00 3.50 1,400.00 7.00 7,000.00 Based on the above information you are required to answer the following questions. Total goods available for sales The cost of goods sold is The cost ending inventory is The gross profit is
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!