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just12
Nov 25, 2008, 11:30 AM
Date Transaction # of Units Per Unit Total
Jan 1 Inventory 50 $20 $1000
7 Purchase 200 22 4400
20 Sale 90 40 3600
30 Sale 110 40 4400
Feb 8 Sale 20 44 880
10 Purchase 130 23 2990
27 Sale 90 42 3780
28 Sale 50 45 2250
Mar 5 Purchase 180 24 4320
13 Sale 90 50 4500
23 Purchase 100 26 2600
30 Sale 80 50

The balance on purchase is 14,310
The balance on COMS is 11,990
The balance on Inventory is 3,320

My books states that the gross profit is 11,420 & i dont know where i went wrong:mad::confused: