ACCOUNTING CH6

Sekhon Company had a beginning inventory on January 1 of 163 units of Product 4-18-15 at a cost of $22 per unit. During the year, the following purchases were made.

Mar. 15

408 units

at

$19

Sept. 4

337 units

at

$22

July 20

255 units

at

$20

Dec. 2

102 units

at

$24

1,020 units were sold. Sekhon Company uses a periodic inventory system.

Determine the cost of goods available for sale.

The cost of goods available for sale

$ results in the highest inventory amount, $ produces the highest cost of goods sold, $[removed].