At the beginning of last month inventory consisted of 200 units valued at 42.50

Question

At the beginning of last month inventory consisted of 200 units valued at 42.50 ea Last month 1000 units were delivered to finished goods inventory at an actual cost of $45.00 ea. Last month shipments were 900 units at a price of $50.00 ea. What was the Cost of Sales (COS) for the 900 units sold? What was the Operating Income? What was the Ending Inventory quantity What was that Ending Inventory value ? . . Transaction Beg Inv Input Sales Ending Inv. Unit Cost Total Inv. $ 200 42.50 8500 1000 45.00 45000 900 4

Explanation / Answer

-Cost of sales=900*44.58= $40,122

-Sales= 900*50= $45,000

Less- Cost of sales= 40,122

Operating income=$4,878

Transaction Beg Inv. Input Sales Ending Inv Unit Cost Total Inv. $ 1 200 42.50 8500 2 1000 45.00 45000 3 900 53,500/1200=44.58 40122 4 200 44.58 9116

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.