Old MathJax webview

it can be either of both methods

2. As of June 30, 200X, Productos Islas had the following information regarding purchases and merchandise sales: Units Price by unit Balance as of June 1, 200X 4.000 $ 80,00 Shopping June 02 8,000 82.00 June 08 4.000 88.00 June 19 12.000 83.00 June 26 4,000 85.00 Totals 32.000 During June, 23,600 units were sold at $ 180 each during the month. It asks: a) Calculate the ending inventory for each of these methods: Weighted average. FIFO. b) Calculate the cost of sales and gross profit on sales with both methods