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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. te Unit Cost July

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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. te Unit Cost July 1 Beginning Inventory 41 July 13 Purchase July 25 Sold July 31 Ending Inventory 146 $10 12 205 (100) $16 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 Unit 41 $ 10.00 S 410 2.460 Beginning Inventory Purchases Goods Available for Sale Cost of Goods Sold Ending Inventory 205 12.00 2 ic) Sales Cost of Goods Sold Gross Profit

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