following data were available for  Product Z  at Mar 31, 20X1: Beg inventory 50 units @ 12 Purchases: Mar 2  60 units @ 11 Mar 17 60 units @ 10 Sales:  Mar 5   80 units Mar 20   50 units The entry to record sales under  Average costing perpetual would include:  (Round to 4 decimal)     Dr Cost of sales 1,441 Dr Inventory   400 Cr Inventory   419 Dr Cost of sales 1,422

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.