A Company Made the Following Merchandise Purchases and Sales During

question 126

Essay

A company made the following merchandise purchases and sales during the month of July:
$\begin{array}{|l|l|l|l|}\hline \text { July 1 purchased } & 380 & \text { units at } & \$ 15 \text { each } \\\hline \text { July 5 purchased } & 270 & \text { units at } & \$ 20 \text { each } \\\hline \text { July 9 sold } & 500 & \text { units at } & \$ 55 \text { each } \\\hline \text { July 14 purchased } & 300 & \text { units at } & \$ 24 \text { each } \\\hline \text { July 20 sold } & 250 & \text { units at } & \$ 55 \text { each } \\\hline \text { July 30 purchased } & 250 & \text { units at } & \$ 30 \text { each }\\\hline\end{array}$
There was no beginning inventory.If the company uses the first-in,first-out perpetual inventory method what would be the cost of the ending inventory?

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Definitions:

Teenagers

Individuals typically aged between 13 and 19 years, undergoing the transition from childhood to adulthood.

Ration Resources

Involves the controlled distribution of scarce resources, goods, or services in order to ensure equitable and efficient use.

Service Duration

The length of time that a service is provided or available to a client or customer.

Selective Outreach

Targeted efforts to communicate or engage with a specific audience or group, often for the purpose of information dissemination or gathering support.