The Periodic Inventory Records of Canine Veterinary Supply Indicate the Following

question 177

Essay

The periodic inventory records of Canine Veterinary Supply indicate the following for the month of April:
$$\begin{array} { | l | l | c | } \hline \text { Apr. } 1& \text { Beginning merchandise inventory } & 15 \text { units @ \$32 each } \\\hline 7 & \text { Purchase } & 7 \text { units @ \$34 each } \\\hline 18 & \text { Purchase } & 12 \text { units @ \$37 each } \\\hline 26 & \text { Purchase } & 10 \text { units @ \$40 each } \\\hline\end{array}$$ As of April 30,Canine counts 8 units of merchandise inventory on hand.
Compute ending merchandise inventory and cost of goods sold for Canine using the weighted-average inventory method.(Round the per unit cost to two decimal places.)

---

Definitions:

Marketing Strategy

Section of a business plan that presents information describing the market’s need for a product and how the business will satisfy it.

Tax Accountant

This is a professional who specializes in preparing tax returns and providing advice on tax strategies and obligations.

Manufacturing Company

A business entity that produces finished goods from raw materials through the use of various processes and operations.

Financial Reports

Documents that provide an overview of a company's financial condition, including balance sheets, income statements, and cash flow statements, among others.