Question 3 - Part 4 -3 Marks (5 Minutes) A new company purchased inventory as...
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Question 3 - Part 4 -3 Marks (5 Minutes) A new company purchased inventory as follows: March 1 200 units at $ 8.00 March 6 300 units at $ 9.00 March 16 200 units at $ 10.00 On March 17 it sold 450 units at $20.00 each. The company uses an average cost, cost flow assumption. Prepare the cost of goods sold section of the Income Statement for the period ended 17 March 2021
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