Metlock Company uses the perpetual inventory system and the weighted average cost formula. The following information is available for the month of June:

Date		Explanation		Units		Unit Cost
Jun 1		Beginning Inventory		350		$10
Jun 15		Purchase		450		10
Jun 17		Sale		400		?
Jun 24		Purchase		550		12

Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June.

Purchases

Cost of Goods Sold

Balance

Date

Units

Cost

Total

Units

Cost

Total

Units

Cost

Total

Jun 1

$

$

$

$

$

Jun 15

Jun 17

Jun 24

$

$

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