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Sunland Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for
Sunland Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 1 Beginning inventory 28 units @ $19 per unit Jun 5 Purchase Jun 8 Sale Jun 9 Purchase 92 units @ $22 per unit 70 units 85 units @ 22.38 per unit Jun 10 Sale 25 units Jun 22 Sale 40 units Total cost of goods sold for the month of June is O $2919.70. $2935.95. O $2974.70. O $2935.70
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