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Pronghorn Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost
Pronghorn Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance in Units Aug. 2 Purchases 253 $69 $17,457 253 3 Purchases 509 104 52,936 762 10 Sales (284) 478 15 Purchases 892 126 112,392 1,370 25 25 Sales (335) 1,035 Calculate the cost of goods sold and ending inventory using the average cost method. (Round average cost per unit to 2 decimal places, e.g. 1.25. Round intermediate and final answers to O decimal places, e.g. 5,125.) Cost of goods sold $ Ending inventory $ eTextbook and Media Save for Later Assistance Used Attempts: 0 of 15 used Submit
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