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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.
Ask a homework question - tutors are online