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BUSINESS SCHOOL Question 10 Tries remaining Given the following inventory transactions Description Units Cost/Sale Price 2 Date Marked out of 01/06/13 Opening Inventory 200 50
BUSINESS SCHOOL Question 10 Tries remaining Given the following inventory transactions Description Units Cost/Sale Price 2 Date Marked out of 01/06/13 Opening Inventory 200 50 40.00 08/06/13/Sale 80 120 Flag question 15/06/13 Purchase 100 72 19/06/13 Purchase 22/06/13/Sale 50 140 87 120 Complete this table using a perpetual average cost inventory system. Do not use any punctuation Purchases Date Qty Unit Cost Total Cost Sales Qty Unit Cost Total Cost 01/06/13 06/06/13 80 00 50 4000 On Hand Qty Unit Cost 200 50 120 Total Cost 10000 50 6000 15/06/13 100 72 7200 19/06/13 50 07 4350 120 22/06/13 Any calculated values are to be rounded to the nearest whole sumber and that roundest number should be used in any further com What is the total Cost of Goods Sold for June 2013) What is sales revenue for June 2013 What is the gross profit for hume 2013 What is the gross profis percentage for June 2013 (Do not include %) Now answer the following questions on the basis of a periodic average cost inventory system being w What is the average cost of inventory as at 30 June 2013 What is the total Cost of Goods Sold for June 2013 What is sales revenue for June 2013 What is the gross profit for June 2013 SUPPORT Q 9
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