ACT 300 MODULE 4 COST OF ENDING INVENTORY
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ACT 300 MODULE 4 COST OF ENDING INVENTORY
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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
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Beginning inventory
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200 units @ $1
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April 5
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Purchases
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200 units @ $2
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April 10
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Purchases
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200 units @ $3
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April 15
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Purchases
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200 units @ $4
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April 20
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Purchases
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200 units @ $5
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April 25
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Purchases
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200 units @ $6
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