inventory system rounded to the nearest whole dollar? (Do not round in the process of your calculations, only round your final answer.)
$\begin{array} { l l }
\text { Sales revenue } & 100 \text { units at } \$ 15 \text { per unit } \
\text { Beginning inventory } & 40 \text { units at } \$ 9 \text { per unit } \
\text { Purchases } & 80 \text { units at } \$ 10 \text { per unit }
\end{array}$

Question

inventory system rounded to the nearest whole dollar? (Do not round in the process of your calculations, only round your final answer.)
$\begin{array} { l l } 
\text { Sales revenue } & 100 \text { units at } \$ 15 \text { per unit } \
\text { Beginning inventory } & 40 \text { units at } \$ 9 \text { per unit } \
\text { Purchases } & 80 \text { units at } \$ 10 \text { per unit }
\end{array}$

Quizplus · Accepted Answer

To find the cost of goods sold (COGS) and ending inventory, we first calculate the cost of goods available for sale, then subtract the COGS to find the ending inventory value. Sales revenue is not directly used in these calculations.1. Calculate the cost of goods available for sale:   - Beginning inventory: $40 \text{ units} \times \$9/\text{unit} = \$360$   - Purchases: $80 \text{ units} \times \$10/\text{unit} = \$800$   - Total available for sale: $\$360 + \$800 = \$1160$2. Calculate COGS (assuming FIFO, LIFO, or weighted average is not specified, we just calculate based on units sold):   - 100 units were sold, but we need the cost per unit from the available for sale, which isn't directly calculable without knowing the method (FIFO, LIFO, etc.). However, since we're only asked for the ending inventory and given the total cost of goods available, we can infer the calculation based on units not sold.   - Since the method is not specified and we're not calculating COGS directly, we proceed to find the ending inventory based on units not sold.3. Calculate ending inventory:   - Total units available for sale: $40 + 80 = 120 \text{ units}$   - Units sold: $100 \text{ units}$   - Units remaining: $120 - 100 = 20 \text{ units}$   - If we were to calculate the ending inventory value directly from the information given, we'd need the cost per unit or a method of inventory valuation. However, the question seems to be missing the necessary details to calculate COGS or ending inventory directly. Given the choices and the information provided, none of the calculations directly lead to a clear answer without assuming an inventory valuation method. The correct approach to find the ending inventory value would typically involve subtracting COGS from the total cost of goods available for sale, but with the information given, we can't accurately calculate COGS. The provided answer choice D) $193 is selected based on the assumption that there might have been a misunderstanding in the calculation process explained above. Without specific details on the inventory valuation method (FIFO, LIFO, weighted average), or a direct calculation path provided in the question, the answer involves assumptions not supported by the given data.

Inventory System Rounded to the Nearest Whole Dollar? (Do Not