Question

Beginning inventory, purchases, and sales for WCS12 are as follows: Oct. 1 inventory 300 units at 8, 13 sale 175 units, 22 purchase 375 units at10, 29 sale 280 units. What is the ending inventory?

Answer 1

To calculate the ending inventory, subtract the units sold from the total units available for sale.

Step-by-step explanation:

To calculate the ending inventory, we need to track the beginning inventory, purchases, and sales. Let's start by calculating the total units available for sale:

• Beginning inventory: 300 units
• Purchases: 375 units

Total units available for sale: 300 + 375 = 675 units

Next, we need to subtract the units sold from the total units available for sale:

• Sales: 175 units on October 13 and 280 units on October 29

Total units sold: 175 + 280 = 455 units

Finally, we can calculate the ending inventory by subtracting the units sold from the total units available for sale:

Ending inventory = Total units available for sale - Total units sold = 675 - 455 = 220 units