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Assume that 250 units sold on June 24 had a unit cost of $ 12; 400 had a unit cost of $ 13; and the
Assume that 250 units sold on June 24 had a unit cost of $ 12; 400 had a unit cost of $ 13; and the remaining 100 units had a unit cost of $ 18. Calculate the June 30 inventory and the June cost of goods sold, using the specific identification method.
Ending inventory | $ enter a dollar amount | |
---|---|---|
Cost of goods sold | $ enter a dollar amount |
Monty Limited uses a periodic inventory system. On June 24, the company sold 750 units. The following additional information is available: Unit Cost Total Cost Units June 1 inventory 250 $ 12 $3,000 June 15 purchase 500 13 6,500 June 23 purchase 500 18 9,000 1,250 $ 18,500
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