[Lavieestbonne]

Scott Company had a beginning inventory on January 1 of 100 units of Product CRV at a cost of $200 per unit. During the year, the following purchases and return were made:

Mar. 15 300 units at $224
July 20 250 units at $235
Sept. 4 200 units at $238
Sept. 5 50 units returned at $238
Dec. 2 100 units at $250

By year-end, 700 units were sold. Scott Company uses a periodic inventory system.

Any help you could give me, I appreciate it. :)

[justwonder2]

100 * $200 = $20,000
300 * $224 = $67,200
250 * $235 = $58,750
50 * $238 = $2,383
---- -------------
700 $148,336 (COGS)

The remaining balance in the inventory account is:
200 @ $238
100 @ $100