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Question Help A company has the following inventory information and uses the periodic system: June 1 Beginning Inventory 17 units at $3 each June 10
Question Help A company has the following inventory information and uses the periodic system: June 1 Beginning Inventory 17 units at $3 each June 10 Purchase 21 units at $4 each June 11 Sale 13 units June 14 Sale 5 units The company uses the weighted - average method of inventory costing. What is the cost of goods sold and the ending merchandise inventory? (Round unit costs and total costs to two decimal places) A. COGS $63.90; Merchandise Inventory $71.00 B. COGS $150.00; Merchandise Inventory $135.00 C. COGS $135.00: Merchandise Inventory $150.00 D. COGS $71.00; Merchandise Inventory $63.90
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