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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 June 23 purchase 400 400 1,000 13 16 5,200 6,400 $13,800 (a) 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 $ Cost of goods sold $
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