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Exercise 2 Kersawani Company uses the perpetual inventory system and the average cost formula. The following information is available for the month of June: Date

Exercise 2 Kersawani Company uses the perpetual inventory system and the average cost formula. The following information is available for the month of June: Date Explanation Unit Cost Jun 1 Beginning Inventory 200 $10 Jun 15 Purchase 300 11 Jun 17 Sale 250 Jun 24 Purchase 400 12 Instructions Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June

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