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= Concord Limited uses a periodic inventory system. On June 24, the company sold 720 units. The following additional information is available: Unit Cost June
= Concord Limited uses a periodic inventory system. On June 24, the company sold 720 units. The following additional information is available: Unit Cost June 1 inventory June 15 purchase June 23 purchase Units 240 480 480 1,200 $11 14 17 Total Cost $2,640 6,720 8,160 $17,520 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 O decimal places, eg. 5,275.) Ending inventory $ Cost of goods sold $ Calculate the June 30 inventory and the June cost of goods sold, using the FIFO formula. Type here to search Calculate the June 30 inventory and the June cost of goods sold, using the FIFO formula Ending inventory $ Cost of goods sold $ Assume that 240 units sold on June 24 had a unit cost of $11; 380 had a unit cost of $14; and the remaining 100 units had a unit cost of $17. Calculate the June 30 inventory and the June cost of goods sold, using the specific identification method. Ending inventory $ Cost of goods sold $
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