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Required information M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO,
Required information M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] The following information applies to the questions displayed below] of 3 The following are the transactions for the month of July Units Unit Cost Unit Selling Price July 1 July 13 Purchasenventory July 25 45 225 (1e0) $10 13 Sold $15 July 31Ending Inventory 178 eBook Print M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under Periodic Weighted Average Cost [LO 7-3] References Calculate cost of goods available for sale and ending inventory,then sales, cost of goods sold, and gross profit, under weighted average cost Assume a periodic inventory system is used. (Round "Cost per Unit" to 2 decimal places and your final answers to nearest whole doller amount.) Weighted Average (Periodic) Units Cost per / Totel Beginning Inventory Goods Available for Sale Cost of Goods Sold Ending Inventory ighted Average(Periodic) Sales Cost of Goods Sold Gross Prof
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