To address the question, we need to analyze the provided data table and understand the context, which appears to be related to inventory accounting. The table includes information about beginning inventory, a purchase, and sales, with some missing values that need to be determined.
Beginning Inventory:
- Units: 22
- Total Cost: $2,420
- Unit Cost: To find the unit cost, divide the total cost by the number of units:
\[
\text{Unit Cost} = \frac{2,420}{22} = 110
\]
Purchase on July 3:
- Units: 37
- Unit Cost: $135
- Total Cost: $4,995 (This is already provided, and it matches the calculation: \(37 \times 135 = 4,995\))
Sales:
- Units Sold: 50
- Unit Cost and Total Cost: These are not provided, and the question seems to be asking for these values.
To calculate the sales, we need to determine the cost of goods sold (COGS) and potentially the selling price, but the table does not provide enough information to calculate the selling price directly. However, we can calculate the COGS if we assume the sales are based on the inventory costs.
- COGS Calculation:
- If using FIFO (First-In, First-Out) method:
- First, sell the 22 units from the beginning inventory at $110 each.
- Remaining 28 units (50 total sales - 22 beginning inventory) are from the July 3 purchase at $135 each.
- COGS = (22 units * $110) + (28 units * $135)
- COGS = $2,420 + $3,780 = $6,200
The question seems to be asking for the cost associated with the sales, which is the COGS calculated above. However, without additional information on the selling price, we cannot determine the sales revenue or profit.
In summary, the cost of goods sold for the 50 units is $6,200 using the FIFO method. If the question intended to ask for something else, such as the selling price or revenue, additional data would be required.
Answered
