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Sarasota Limited uses a periodic inventory system. On June 24, the company sold 750 units. The following additional information is available Unit Cost Total Cost
Sarasota Limited uses a periodic inventory system. On June 24, the company sold 750 units. The following additional information is available Unit Cost Total Cost Units June 1 inventory 250 S12 $3,000 June 15 purchase 500 13 6,500 June 23 purchase 500 18 9.000 1.250 $18,500 Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula, (Round welghted average cost per unit to 2 decimal places, eg. 5.27 and final answers to decimal places, eg. 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 $
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