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help needed please The accounting records of Teal Mountain Electronics show the following data. Beginning inventory 2,000 units at $6 Purchases 8,000 units at $7
help needed please
The accounting records of Teal Mountain Electronics show the following data.
Beginning inventory | 2,000 | units at | $6 | |
Purchases | 8,000 | units at | $7 | |
Sales | 9,000 | units at | $10 |
Determine cost of goods sold during the period under a periodic inventory system using the average-cost method. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to 0 decimal places, e.g. 1,250.)
Average-cost | ||
---|---|---|
Cost of goods sold during the period | $enter a dollar amount |
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