Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest cent or two decimal places), assuming that 18 units were sold at a price of $14. date item units cost total june 1 beginning inventory 6 $5 $30 june 12 purchase 10 6 60 june 18 purchase 8 7 56 totals 24 $146
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Acompany that uses the periodic inventory system provided the following information: 1. beginning inventory $ 5 comma 0002. purchases $ 150 comma 0003. purchase discounts $ 2 comma 1004. purchase returns and allowances $ 1 comma 000at the end of the period, the physical count of inventory reveals that $ 16 comma 000 worth of inventory is on hand. what is the amount of cost of goods sold?
Answers: 2
Determine the ending inventory using the periodic inventory system and the weighted average cost met...
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