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More & More Limited uses a periodic inventory system. On June 2 4 , the company sold 6 0 0 units. The following additional information
More & More Limited uses a periodic inventory system. On June
the company sold units. The following additional information is available:
Units Unit Cost Total Cost
June inventory $ $
June purchase
June purchase
$
a Calculate the June inventory and the June cost of goods sold, using the weighted average cost
formula. Round perunit
costs to two decimal places. b Calculate the June inventory and the June cost of goods sold, using the FIFO formula. c Assume that units sold on June had a unit cost of $; had a unit cost of $; and the
remaining units had a unit cost of $ Calculate the June inventory and the June cost of goods sold, using the specific identification method
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