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At the beginning of its operations in July 2024, Crane Pet Shop Ltd. began with 7,790 units of inventory that it purchased at a cost
At the beginning of its operations in July 2024, Crane Pet Shop Ltd. began with 7,790 units of inventory that it purchased at a cost of $14.60 each. The company's purchases during July were as follows: July 5 Sales during July: July 2 July 27 6,150 units @ $18.00 (a) 6,970 units 4,100 units Crane Pet Shop uses a periodic inventory system. Your answer is incorrect. Calculate the cost of goods sold for July using the weighted-average cost formula. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answer to 0 decimal places, e.g. 61,052.) Cost of goods sold $
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