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Pronghorn Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: Unit Total Units
Pronghorn Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: Unit Total Units Cost Cost June 1 Inventory 200 $11 $2,200 June 15 purchase 400 13 5,200 June 23 purchase 400 16 1,000 6,400 $13,800 (a) Your answer is correct. Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to 0 decimal places, e.g. 5,275.) Ending inventory 5520 Cost of goods sold $ 8280
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