Calculate the cost of goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period: # of unitsCost per unitBeginning Inventory140$75Purchased Goods during the period240$77Sold goods during the period80$125Purchased goods during the period220$80Possible item names to complete the table below:SalesGoods Available for SaleEnding InventoryPurchasesBeginning InventoryCost of Goods SoldPLEASE NOTE: You will enter the item names exactly as written above, the units will be just the number, and all dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345).ItemsUnitsDollar Amount

Name: Calculate the cost of goods available for sale for Atlantis Company, i
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Description: Calculate the cost of goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period: # of unitsCost per unitBeginning Inventory140$75Purchased Goods during the period240

Goods Available for Sale = No. of units available for sale x Cost per unit

Answered: Calculate the cost of goods available…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 4PB: Calculate the cost of goods sold dollar value for B74 Company for the sale on November 20,...

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Calculate the cost of goods available for sale for Atlantis Company, in units and in dollar amounts, given the following facts about their inventory for the period:

	# of units	Cost per unit
Beginning Inventory	140	$75
Purchased Goods during the period	240	$77
Sold goods during the period	80	$125
Purchased goods during the period	220	$80

Possible item names to complete the table below:

Sales	Goods Available for Sale	Ending Inventory
Purchases	Beginning Inventory	Cost of Goods Sold

PLEASE NOTE: You will enter the item names exactly as written above, the units will be just the number, and all dollar amounts will be rounded to whole dollars using "$" with commas as needed (i.e. $12,345).

Items	Units	Dollar Amount

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