a. Cost of goods available for sale: Units Unit Cost Total Cost Cookie Cutters Company uses the periodic inventory system. All purchases and sales are on account. The accounting records of Cookie Cutters show the following data: Beginning Purchase Purchase Date Available for sale for the month June 1 June 13 June 20 Explanation Units Unit cost Total Beginning 600 $405 $243,000 Purchase 345 $416 $143,520 Sales (250) Number of units sold: Total units available Units on hand Units sold June 27 Purchase 460 $420 $193,200 500 The physical inventory count at June 30 showed 500 units on hand. b. Ending inventory: Units Unit Cost Total Cost a. Determine the cost of goods available for sale and the number of units sold. b. Calculate ending inventory and cost of goods sold. Assume the Company uses FIFO. Cost of goods sold = Cost of Goods Available for Sale - Ending inventory Cost of goods available Ending inventory Cost of goods sold a. Cost of goods available for sale: Units Unit Cost Total Cost Cookie Cutters Company uses the periodic inventory system. All purchases and sales are on account. The accounting records of Cookie Cutters show the following data: Beginning Purchase Purchase Date Explanation Units Unit cost Total Available for sale for the month June 1 600 $405 $243,000 Beginning Purchase June 13 345 $416 $143,520 Number of units sold: June 20 Sales (250) Total units available Units on hand June 27 Purchase 460 $420 $193,200 500 Units sold The physical inventory count at June 30 showed 500 units on hand. b. Ending inventory: Units Average cost Total Cost a. Determine the cost of goods available for sale and the number of units sold. b. Calculate ending inventory and cost of goods sold. Assume the Company uses weighted average cost. Rounded to two decimal points. Cost of goods sold = Cost of Goods Available for Sale - Ending inventory Cost of goods available Ending inventory Cost of goods sold