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Culver Furniture Ltd . uses a perpetual inventory system and has a beginning inventory, as at June 1 , of 5 0 0 bookcases at

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Culver Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 500 bookcases at a cost of $131 each. During June, the company had the following purchases and sales of bookcases:
\table[[Purchases,Sales],[Date,Units,Unit Cost,Units,Unit Price,],[June 6,1,160,$133,,,],[10,,1,030,$189,,],[14,1,850,134,,194,],[16,,,1,600,,],[26,1,030,135,,,],[,,,,,]]
(a)
Z Your answer is partially correct.
Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for
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