The following data is available for one of the products sold by Chancet Company,which uses a perpetual inventory system:
$\begin{array}{lll}
\text { April } & 1 &\text { On hand, } 10 \text { units at } \$ 8 \text { each }&\$80 \
& 5 & \text { Purchased } 30 \text { units at } \$ 7.80 \text { each } &234\
& 18 & \text { Purchased } 40 \text { units at } \$ 8.25 \text { each } &330\
& 20 & \text { Sold } 75 \text { units for } \$ 13 \text { each } \
&24 & \text { Pưchased } 20 \text { units for } \$ 8.25 \text { each }&165
\end{array}$ Chancet Company's ending inventory for April was 25 units.
Complete the table by determining the amounts of April 30th inventory,cost of goods sold,and gross margin under each of the inventory costing methods listed below.
Ending Inventory Cost of Goods Sold Gross Margin

Question

The following data is available for one of the products sold by Chancet Company,which uses a perpetual inventory system:
 $\begin{array}{lll}
\text { April } & 1 &\text { On hand, } 10 \text { units at } \$ 8 \text { each }&\$80 \
& 5 & \text { Purchased } 30 \text { units at } \$ 7.80 \text { each } &234\
& 18 & \text { Purchased } 40 \text { units at } \$ 8.25 \text { each } &330\
& 20 & \text { Sold } 75 \text { units for } \$ 13 \text { each } \
&24 & \text { Pưchased } 20 \text { units for } \$ 8.25 \text { each }&165
\end{array}$ Chancet Company's ending inventory for April was 25 units.
Complete the table by determining the amounts of April 30th inventory,cost of goods sold,and gross margin under each of the inventory costing methods listed below.
Ending Inventory Cost of Goods Sold Gross Margin

Quizplus · Accepted Answer

The Answer of The following data is available for one of the products sold by Chancet Company,which uses a perpetual inventory system:
 $\begin{array}{lll}
\text { April } & 1 &\text { On hand, } 10 \text { units at } \$ 8 \text { each }&\$80 \
& 5 & \text { Purchased } 30 \text { units at } \$ 7.80 \text { each } &234\
& 18 & \text { Purchased } 40 \text { units at } \$ 8.25 \text { each } &330\
& 20 & \text { Sold } 75 \text { units for } \$ 13 \text { each } \
&24 & \text { Pưchased } 20 \text { units for } \$ 8.25 \text { each }&165
\end{array}$ Chancet Company's ending inventory for April was 25 units.
Complete the table by determining the amounts of April 30th inventory,cost of goods sold,and gross margin under each of the inventory costing methods listed below.
Ending Inventory Cost of Goods Sold Gross Margin

The Following Data Is Available for One of the Products