accounting queston 2

Accounting
Tutor: None Selected Time limit: 1 Day

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/Vo2SOVE

please include all work/how you got the answer. it will help me with future problems

thanks in advance

Feb 15th, 2015

Inventory =680 : cost 3.5

Purchase = 790 ; cost 4

680+790 -1100=370

370 * 3.5 = 185*7 =1295 

Answer: $1,295

Feb 15th, 2015

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