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I NEED AVERAGE ANSWER AND UF U GET 106600 THEN ITS WRONG Pina Limited uses a perpetual inventory system. The inventory records show the following
I NEED AVERAGE ANSWER AND UF U GET 106600 THEN ITS WRONG
Pina Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 243 $69 $16,767 243 3 Purchases 485 96 46,560 728 10 Sales (323) 405 15 Purchases 935 120 112,200 1,340 25 Sales (334) 1,006 Your answer is incorrect. Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit to 2 decimal places, e.g. 1.25. Round intermediate and final answers to 0 decimal places, e.g. 5,125.) Cost of goods sold $ 69346 Ending inventory $ 106183Step by Step Solution
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