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Questions A and B Required information [ The following information applies to the questions displayed below. ] The following are the transactions for the month
Questions A and B
Required information
The following information applies to the questions displayed below.
The following are the transactions for the month of July.
Required:
a Calculate cost of goods available for sale and ending inventory under weighted average cost. Assume a periodic
inventory system is used.
b Calculate sales, cost of goods sold, and gross profit, under weighted average cost. Assume a periodic inventory system is
used.
Complete this question by entering your answers in the tabs below.
Required B
Calculate cost of goods available for sale and ending inventory under weighted average cost. Assume a periodic inventory
system is used. Round "Cost per Unit" to decimal places and your final answers to nearest whole dollar amount.
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