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The records of Weight Unlimited showed the following for June: Sales 2,100 units at $100 each Purchases 2,000 units at $75 each Beginning inventory 3,000
The records of Weight Unlimited showed the following for June:
Sales | 2,100 units at $100 each |
Purchases | 2,000 units at $75 each |
Beginning inventory | 3,000 units at $56 each |
Assuming the periodic inventory system is used complete the following tabulation.
| FIFO | Weighted Average |
(1) Sales | $ | $ |
(2) Cost of goods sold | $ | $ |
(3) Gross margin | $ | $ |
(4) Ending inventory | $ | $ |
Computations: FIFO: Weighted Average:
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