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A company just starting business made the following inventory purchases in June: Date Number of Units Total Cost June 1 250 $3,150 June 10
A company just starting business made the following inventory purchases in June: Date Number of Units Total Cost June 1 250 $3,150 June 10 150 $1,650 June 15 150 $1,100 On June 12, the company sold 270 units to a customer at a price of $24 per unit. The company uses a periodic inventory system. If the company follows the average cost method, calculate the following: A. The cost of goods sold for June (nearest dollar) was (dollar amount without dollar sign ($) or comma, e.g. 15000) would be B. Ending inventory for June was (dollar amount without dollar sign ($) or comma, e.g. 15000) would be C. Gross profit for June was (dollar amount without dollar sign ($) or comma, e.g. 15000) would be
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