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Indigo Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit
Indigo 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 249 $72 $17,928 249 3 Purchases 505 96 48,480 754 10 Sales (288) 466 45 25 15 Purchases 862 125 107,750 1,328 25 Sales (319) 1,009 Your answer is incorrect. Calculate the cost of goods sold and ending inventory using the average cost method. (Round verage cost per unit to 2 decimal places, e.g. 1.25. Round intermediate and final answer O decimal places, e.g. 5,125.) Cost of goods sold $ 147618 Ending inventory $ 18522
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