synergy company began 2014 with 19 000 units of product x in its inventory that cost 4374705

Synergy Company began 2014 with 19,000 units of Product X in its inventory that cost $7.50 per unit, and it made successive purchases of the product as follows: The company uses a periodic inventory system. On December 31, 2014, a physical count disclosed that 15,000 units of Product X remained in inventory. Required: 1. Prepare a calculation showing the number and total cost of the units available for sale during 2014. 2. Prepare calculations showing the amounts that should be assigned to the 2014 ending inventory and to cost of goods sold, assuming: View Solution:
Synergy Company began 2014 with 19 000 units of Product X

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