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Problem 6-5A (Part Level Submission) Martinez Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the
Problem 6-5A (Part Level Submission) Martinez Skateshop Ltd. reports the following inventory transactions for its skateboards for the month of April. The company uses the perpetual inventory system. Units Unit Cost Total Cost $46 $1,380 630 Date Explanatiorn Apr. 1 Beginning inventory 30 15 (35) 20 (25) 20 42 6 Purchases 9 Sales 14 Purchases 20 Sales 28 Purchases 38 760 35 700 (a) Determine the cost of goods sold and cost of ending inventory using average cost. (Round answers to 2 decimal places, e.g. 1.25.) Cost of Goods Sold Cost of Ending Inventory LINK TO TEXT LINK TO TEXT
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