Problem 6-3A (Part Level Submission) Milo Company had a beginning inventory of 400 units of Product Kimbo at a cost of \$8 per unit. During the year, purchases were: Feb. 20 300 @ \$9 Au

Problem 6-3A (Part Level Submission)

Milo Company had a beginning inventory of 400 units of Product Kimbo at a cost of \$8 per unit. During the year, purchases were:

Feb. 20 300 @ \$9 Aug. 12 600 @ \$11

May 5 500 @ \$10 Dec. 8 200 @ \$12

Milo Company uses a periodic inventory system. Sales totaled 1,500 units.

(a)

Determine the cost of goods available for sale.

The cost of goods available for sale \$

Problem 6-3A (Part Level Submission)

Milo Company had a beginning inventory of 400 units of Product Kimbo at a cost of \$8 per unit. During the year, purchases were:

Feb. 20 300 @ \$9 Aug. 12 600 @ \$11

May 5 500 @ \$10 Dec. 8 200 @ \$12

Milo Company uses a periodic inventory system. Sales totaled 1,500 units.

(a)

Determine the cost of goods available for sale.

The cost of goods available for sale \$