C&S Petstore purchased 50 cases of dog food on January 1 and 25 cases of dog food on January 5. Right away, 50 cases were sold, so they purchased an additional 50 cases of dog food on January 15. How many inventory layers were created from these purchases?

Question

Quizplus · Accepted Answer

An inventory layer is created each time there is a purchase with a different cost basis. 
In this case, there are three layers: 
- 50 cases purchased on January 1 
- 25 cases purchased on January 5 
- 50 cases purchased on January 15 (with a different cost basis than the first purchase of 50 cases)

C&S Petstore Purchased 50 Cases of Dog Food on January