Calculate the total number of imported silk ties available for sale and the cost of goods available for sale from the following inventory figures for Ritz Fashions. Inc.
UnitsDate Purchased | Cost perUnit Total Cost | |
Beginning Inventory, January 1 | 59 | $46.10 |
Purchase. March 29 | 75 | 43.50 |
Purchase. July 14 | 120 | 47.75 |
Purchase. October 12 | 95 | 50.00 |
Purchase. December 8 | 105 | 53.25 |
Total Units Available | Cost of Goods Available for Sale |
To calculate: The total number of imported silk ties available for sale and the cost of goods available for sale from the following inventory figures for Ritz Fashion, Inc.
Given Information:
The provided table is:
Formula:
Follow the steps to calculate the total number of goods and the total amount of goods:
Step 1: Add all units to calculate the total numbers of units available for sale.
Step 2: Add the cost of all units to calculate the cost of goods available for sale.
Calculation:
To calculate the total number of imported silk ties available for sale, add all unit purchased and write the value of summation.
To calculate the total cost of imported silk ties available for sale, multiply the units with per unit cost,
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