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The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 41 $ 10 July 13

The following are the transactions for the month of July.

Units Unit Cost Unit Selling Price
July 1 Beginning Inventory 41 $ 10
July 13 Purchase 205 12
July 25 Sold ( 100 ) $ 16

July 31 Ending Inventory 146

Calculate cost of goods available for sale and ending inventory, then sales, cost of goods sold, and gross profit, under (c) 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.) Solve the question marks.

Weighted Average (Periodic)

Units Cost per Unit Total
Beginning Inventory ? ? ?
Purchases ? ? ?
Goods Available for Sale ?
Cost of Goods Sold ? ? ?
Ending Inventory ?
Weighted Average (Periodic)
Sales ?
Cost of Goods Sold ?
Gross Profit ?

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