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  • Class Notes - Sheet1

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    enkhjin
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    This document tracks the inventory levels and costs of a company over several months. It shows purchases and sales of units, tracking the quantity, purchase price, total purchase cost, sales price, total sales revenue, and remaining inventory levels. By August, there were 535 units remaining in inventory with a total cost of $30,663.2. Comparing revenue from sales to the cost of goods sold, it calculates a gross profit of $55,408.2.

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    Accounting class notes 2

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    Class notes - Sheet1

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    This document tracks the inventory levels and costs of a company over several months. It shows purchases and sales of units, tracking the quantity, purchase price, total purchase cost, sales price, total sales revenue, and remaining inventory levels. By August, there were 535 units remaining in inventory with a total cost of $30,663.2. Comparing revenue from sales to the cost of goods sold, it calculates a gross profit of $55,408.2.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    3 views1 page

    Class Notes - Sheet1

    Uploaded by

    enkhjin
    This document tracks the inventory levels and costs of a company over several months. It shows purchases and sales of units, tracking the quantity, purchase price, total purchase cost, sales price, total sales revenue, and remaining inventory levels. By August, there were 535 units remaining in inventory with a total cost of $30,663.2. Comparing revenue from sales to the cost of goods sold, it calculates a gross profit of $55,408.2.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Purchase Sale Remaining inventory

    Units Cost Total cost Units Cost Total cost Units Cost Total cost
    Jan 1 700 55 38500
    Jan 10 550 56 30800 1250 55.4 69300
    Feb 13 220 57 12540 1470 55.7 81840
    Feb 15 900 55.7 50106.1 570 55.7 31733.9
    July 26 270 58 15660 840 56.4 47393.9
    Aug 5 445 59 26255 1285 57.3 73648.9
    Aug 10 750 57.3 42985.7 535 57.3 30663.2 available for sale

    Number of units
    sold Selling price
    900 90 81000
    750 90 67500
    148500

    Revenue 148500
    COGS 93091.8
    Gross profit 55408.2

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