Marigold Company's inventory records show the following data: ...
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Accounting
Marigold Company's inventory records show the following data:
| Units | Unit Cost | ||
|---|---|---|---|
| Inventory, January 1 | 10000 | $9.20 | |
| Purchases: June 18 | 8000 | 8.00 | |
| November 8 | 6000 | 6.00 |
A physical inventory on December 31 shows 4300 units on hand. Marigold sells the units for $11 each. The company has an effective tax rate of 20%. Marigold uses the periodic inventory method. The weighted-average cost per unit is
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You can see the logs in the Dashboard.