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The following information relates to Glassworks Ltd ' s inventory transactions during the month of July. All of the units sold were priced at $
The following information relates to Glassworks Ltds inventory transactions during the month of July.
All of the units sold were priced at $ per unit.
Glassworks Ltd uses the periodic inventory system. Calculate Glassworks' cost of goods sold, gross margin, and ending inventory
for the month of July using:
FIFO
ii weightedaverage
Round coleulations for cost per unit to decimal places, egs. and final enswers to odecind places, eg
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