Question
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 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 3,000 units at $56 inventory 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 69 $ $ $ $ EA EA (4) Ending inventory $ $ Computations: FIFO: Weighted Average:
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MIS Essentials
Authors: David M. Kroenke
4th edition
978-0133546590, 133546594, 978-0133807479
