1

a)
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit cost Total Cost
1-Mar Beginning Inventory 200 4 800
10-Mar Purchase 500 4.5 2,250
20-Mar Purchase 400 4.75 1,900
30-Mar Purchase 300 5 1,500
Total 1400 6450
ENDING INVENTORY COST OF GOODS SOLD
Date Units Unit Cost Total Cost
30-Mar 300 5 1500 Cost of goods available for sale 6450
20-Mar 200 4,75 950 Less: Ending Inventory 2450
Total 500 2450 Cost of goods sold 4000

b)
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit cost Total Cost
1-Mar Beginning Inventory 200 4 800
10-Mar Purchase 500 4.5 2,250
20-Mar Purchase 400 4.75 1,900
30-Mar Purchase 300 5 1,500
Total 1400 6450
ENDING INVENTORY COST OF GOODS SOLD
Date Units Unit Cost Total Cost
10-Mar 200 4 800 Cost of goods available for sale 6450
300 4.5 1350 Less: Ending Inventory 2150
Total 500 2150 Cost of goods sold 4300

c)
COST OF GOODS AVAILABLE FOR SALE
Date Explanation Units Unit cost Total Cost
1-Mar Beginning Inventory 200 4 800
10-Mar Purchase 500 4.5 2,250
20-Mar Purchase 400 4.75 1,900
30-Mar Purchase 300 5 1,500
Total 1400 6450
ENDING INVENTORY COST OF GOODS SOLD
4.60714285714286
Units Unit Cost Total cost Cost of goods available for sale 6450
500 4.60714285714286 2303.57142857143 Less: Ending Inventory 2303.571
Cost of goods sold 4146.429

2
a)
Date Purchases Cost of Goods Sold Balance
1-Mar 800
 10-Mar 2250
15-Mar

b)
Date Purchases Cost of Goods Sold Balance