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Johnson Company sold inflatable Bouncy Castles. During June, records show that beginning inventory was 2 castles @ $200 each. On June 5 they purchased
Johnson Company sold inflatable Bouncy Castles. During June, records show that beginning inventory was 2 castles @ $200 each. On June 5 they purchased 5 castles @ $220. On June 10 they purchased another 5 @ $250. On June 15 they sold 7 castles @a selling price of $400 each. Answer the following questions using this information. Question 6 4 pts If Johnson Company uses the weighted average costing method, calculate the per unit cost and the cost of ending inventory after the June 15 sale. Be sure to label your two answers.
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