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Duncan Co provided the following information for June 2020 Date Event 1-Jun Beginning inventory 3-Jun Sales on account 8-Jun inventory purchases 2/10, n/30 10-Apr Inventory
Duncan Co provided the following information for June 2020 Date Event 1-Jun Beginning inventory 3-Jun Sales on account 8-Jun inventory purchases 2/10, n/30 10-Apr Inventory returns 15-Jun Payments on account 6-8 purchase 29 Jun Freight paid 30-Jun Actual inventory count Amount 10,000 25,000 15,000 2,500 3,000 800 8,000 1 Duncan uses the periodic method, what amount should the company report as cost of goods sold for June? O A $14,500 O 0.515240 C. $28.000 D. $29.500
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