HWK___7-1 - HOMEWORK#7 DUE FRIDAY OCT 24(6 points KY Inc...

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HOMEWORK #7 DUE FRIDAY, OCT. 24 (6 points) KY, Inc uses a periodic inventory system. One of the store’s most popular products is a basketball. The inventory quantities, purchases, and sales of this product for the most recent year are as follows: Number Cost Total Of Units per Unit Cost Inventory, January……………………………… 100 $5.00 $ 500 Purchase, March 12 …………………………. 400 5.10 2,040 Purchase, June 19………………………………. . 300 5.30 1,590 Purchase, September 3 ……………………… 200 5.35 1,070 Purchase, November 14 ………………………. . . 500 5.30 2,650 Purchase, December 28 …………………………. 200 5.80 1,160 Goods available for sale Units Sold 1,400 Inventory, December 31
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This note was uploaded on 12/02/2008 for the course ACCT 201 taught by Professor Anothony during the Spring '07 term at Michigan State University.

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