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at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit
at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Determine the total sales, the total cost of merchandise sold, and the gross profit from sales for the period.
Total sales
Determine the ending inventory cost on June Perpetual Inventory
The beginning inventory of merchandise at Rhodes Co and data on purchases and sales for a threemonth period ending June are as follows:
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