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Date Description Units Purchased at Cost Units Sold at Retail June 1 Beginning Inventory 2 0 0 units @ $ 1 0 = $ 2
Date Description Units Purchased at Cost Units Sold at Retail
June Beginning Inventory units @ $ $
Purchase units @ $ $
Sale units @ $
Purchase units @ $ $
Sale units @ $
Assume that Filimonov uses a periodic inventory system.
Required:
Calculate the cost of goods sold and the cost of ending inventory using the average cost method. Note: Use four decimal places for perunit calculations and round all other numbers to the nearest dollar.
Cost of goods sold $ fill in the blank
Cost of ending inventory $ fill in the blank
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