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The periodic inventory records of Flexon Prosthetics indicate the following for the month of July (Click the icon to view the inventory records.) At July
The periodic inventory records of Flexon Prosthetics indicate the following for the month of July (Click the icon to view the inventory records.) At July 31, Flexon counts four units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Flexon using the weighted average inventory costing method RE Weighted average Ending Merchandise Inventory Cost of Goods Sold Data Table Jul. 1 Beginning merchandise inventory Jul. 8 Purchase Jul. 15 Purchase Jul. 26 Purchase 6 units @ 560 each 5 units @ $67 each 10 units @ $70 each 5 units @ 565 each
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