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Required Information [The following information applies to the questions displayed below] The following are the transactions for the month of July. July 1 July
Required Information [The following information applies to the questions displayed below] The following are the transactions for the month of July. July 1 July 13 Beginning Inventory Purchase Units 56 $ Unit Cost 10 Unit Selling Price 280 13 July 25 July 31 sold Ending Inventory (100) 236 $15 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 A 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 2 decimal places and your final answers to nearest whole dollar amount.) Weighted Average (Periodic) Beginning Inventory Purchases Goods Available for Sale i Cost of Goods Sold Ending Inventory Units Cost per Unit Total $ 0 S 0
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