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heffield Limited uses a periodic inventory system. On June 24, the company sold 645 units. The following additional information is vailable: Unit Cost Total Cost
heffield Limited uses a periodic inventory system. On June 24, the company sold 645 units. The following additional information is vailable: Unit Cost Total Cost Units June 1 inventory 215 $10 $2,150 June 15 purchase 430 15 6,450 June 23 purchase 430 18 7,740 1.075 $16,340 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 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. Ending inventory $ Cost of goods sold $ Assume that 215 units sold on June 24 had a unit cost of $10;331 had a unit cost of $15; and the remaining 99 units had a unit cost of $18. 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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