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Brief Exercise 8-17 (Part Level Submission) Grouper Limited uses a periodic inventory system. On June 24, the company sold 730 units. The following additional
Brief Exercise 8-17 (Part Level Submission) Grouper Limited uses a periodic inventory system. On June 24, the company sold 730 units. The following additional information is available: Unit Total Units Cost Cost June 1 inventory 270 $11 $2,970 June 15 purchase 460 14 6,440 June 23 purchase 470 17 1,200 7,990 $17,400 (a) PRINTER VERSION BACK Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, eg. 5.27 and final answers to 0 decimal places, e.g. 5,275) Ending inventory $ Cost of goods sold $
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