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s PRINTER VERSION Pronghom Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: 4
s PRINTER VERSION Pronghom Limited uses a periodic inventory system. On June 24, the company sold 600 units. The following additional information is available: 4 BACK NEXT Units Cost $11 200 June 1 inventory June 15 purchase June 23 purchase 400 13 $2,200 5,200 6,400 $13,800 400 16 1,000 Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to o decimal places, e.g. 5,275.) Ending inventory $ Cost of goods sold $ Calculate the June 30 inventory and the June cost of goods sold, using the FIFO formula. $ Ending inventory Cost of goods sold $ Calculate the June 30 inventory and the June cost of goods sold, using the FIFO formula. Ending inventory $ Cost of goods sold $ Assume that 200 units sold on June 24 had a unit cost of $11; 300 had a unit cost of $13; and the remaining 100 units had a unit cost of $16. Calculate the ne 30 inventory and the June cost of goods sold, using the specific identification method. Ending inventory $ Cost of goods sold $
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