Data tableDate of purchaseBeginning inventoryFebruary 5February 19March 3Goods available for saleUnits soldEnding inventoryUnits Cost per Total Retail pricepurchasedcostper unit4121183080unit$830$1,750$975$480$975$2,105$1,996$600Total retailvalue Complete the inventory table by calculating the total cost of purchases, the goods available for sale, the cost of the goods available for sale, and theending inventory.Date of purchaseBeginning inventoryUnitsCost perpurchased unit41$830Total costRetail price Total retailper unitvalue$975

# Total cost of purchase = total units purchased * cost per unit of purchase # Goods available for…

Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory Units purchased 41 21 18 30 80 Cost per Total unit cost $830 $1,750 $975 $480 Retail price per unit $975 $2,105 $1,996 $600 Total reta value

Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory Units purchased 41 21 18 30 80 Cost per Total unit cost $830 $1,750 $975 $480 Retail price per unit $975 $2,105 $1,996 $600 Total reta value

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Data table
Date of purchase
Beginning inventory
February 5
February 19
March 3
Goods available for sale
Units sold
Ending inventory
Units Cost per Total Retail price
purchased
cost
per unit
41
21
18
30
80
unit
$830
$1,750
$975
$480
$975
$2,105
$1,996
$600
Total retail
value

Complete the inventory table by calculating the total cost of purchases, the goods available for sale, the cost of the goods available for sale, and the
ending inventory.
Date of purchase
Beginning inventory
Units
Cost per
purchased unit
41
$830
Total cost
Retail price Total retail
per unit
value
$975

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