Based on the above information, what are the number of units available for sale? and how much is the cost of the goods available for sale? Use the following information for the succeding questions:A company purchased merchandise to be resold at increasing costs during the year 2021. The purchases were made at thefollowing costs:January 1, 2020 (carried over from 2019)20 units at Php 10.00January 25, 2020 Purchase40 units at Php 11.00June 20, 2020 Purchase40 units at Php 12.00October 10, 2020 Purchase50 units at Php 13.00The company sold 10 items at the end of each month

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Based on the above information, what are the number of units available for sale? and how much is the cost of the goods available for sale?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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