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The following information relates to Oriole Ltd.'s inventory transactions during the month of July. All of the units sold were priced at $20 per unit.
The following information relates to Oriole Ltd.'s inventory transactions during the month of July. All of the units sold were priced at $20 per unit. Oriole Ltd. uses the perpetual inventory system. Calculate Oriole' cost of goods sold, gross margin, and ending inventory for the month of July using weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to 0 decimal places, e.g. 61,052.) Cost of goods sold $ Gross margin $ Ending inventory $
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