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A company's inventory records show the following data for the month of July. Date Activities Units Acquired at Cost Units Sold at Retail July 1
A company's inventory records show the following data for the month of July. Date Activities Units Acquired at Cost Units Sold at Retail July 1 Beginning inventory 100 units @ $63 = $6,300 July 5 Purchase 50 units @ $66 = $3,300 July 10 Sale 75 units @ $50 July 20 Purchase 225 units @ $68 = $15,300 July 25 Sale 200 units @ $50 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending inventory
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