Calculate and determine the cost of goods available for sale

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Bramble Company reports the following for the month of June.

Date

Explanation

Units

Unit
Cost

Total Cost

 

 

 

 

 

June 1

Inventory

200

$7

$1,400

12

Purchase

400

10

4,000

23

Purchase

400

11

4,400

30

Inventory

50

 

 


Assume a sale of 500 units occurred on June 15 for a selling price of $12 and a sale of 450 units on June 27 for $13.

Question 1: Calculate cost of goods available for sale.

Problem 1: the cost of goods sold?

Problem 2: the cost of goods available?

Reference no: EM132463742

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