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Question 13, and 14 please 13. Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost
Question 13, and 14 please
13. Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $12 each. During the month, the company made two purchases: 3,000 units at $13 each and 12,000 units at $13.50 each. Checkers also sold 12,900 units during the month. Using the average cost method, what is the dollar amount of ending inventory for the month? Chess Top uses the periodic inventory system. For the current month, the beginning inventory consisted of 480 units that cost $65 each. During the month, the company made two purchases: 720 units at $68 each and 360 units at $70 each. Chess Top also sold 1.200 units during the month. Using the average cost method, what is the dollar amount of cost of goods sold? 14. 1Step by Step Solution
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