Brabant Inc. recorded the following transactions for one of its successful items
Scenario #1: Inventory Brabant Inc. recorded the following transactions for one of its successful items, a product called XL5: January 01 Opening inventory: 1,500 units @ $9.50 per unit. Purchases: January 01 2,200 units @ $10.50 per unit $23,100 January 01 1,900 units @ $11 per unit $20,900 February 01 1,300 units @ $11.50 per unit $14,950 March 01 1,600 units @ $12 per unit $19,200 Total 7,000 units $78,150 Sales: 1,600 units @ $18.50 per unit January 01 1,700 units @ $19 per unit $29,600 January 01 1,100 units @ $19 per unit $32,300 February 01 1,800 units @ $19.50 per unit $20,900 February 01 6,200 units $35,100 Total $117,900 Assignment: a. Calculate the Ending Inventory for the three…
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