During the year, Trombley Incorporated has the following
inventory transactions.
Date Transaction Number
of Units Unit
Cost Total Cost
Jan. 1 Beginning inventory 20 $ 22
$ 440
Mar. 4 Purchase 25 21 525
Jun. 9 Purchase 30 20 600
Nov. 11 Purchase 30 18 540
105 $
2,105
For the entire year, the company sells 81 units of inventory for $30 each.
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