Question
Carla Vista Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 200 $ 6.00 Purchases: September
Carla Vista Company's inventory records show the following data for the month of September:
Units | Unit Cost | |||||||
Inventory, | September 1 | 200 | $6.00 | |||||
Purchases: | September 8 | 900 | 7.00 | |||||
September 18 | 900 | 8.00 |
A physical inventory on September 30 shows 560 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses average-cost inventory costing and a periodic inventory system.(Round cost per unit to 2 decimal places and ending inventory and cost of goods sold to the nearest dollar.)
Ending inventory | $enter a dollar amount rounded to the nearest whole | ||
Cost of goods sold | $enter a dollar amount rounded to the nearest whole |
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