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u can leave part C Dene Company uses a periodic inventory system and its accounting records include the following inven em- information for the month
u can leave part C
Dene Company uses a periodic inventory system and its accounting records include the following inven em- information for the month of July: Units Unit Cost Total Cost July1 Inventory on hand 150 $5.00 750.00 1,552.50 .00 3,430.00 12 Purchase 20 Sale 28 Purchase 230 (250) 490 6.75 7.00 The wing Apbysical inventory count determined that 620 units were on hand at July 31. Isstructions elate the ending inventory and the cost of goods sold under (1) FIFO and (2) weighted average. b) For item m 2 of part (a), explain why the weighted average unit cost is not S6.25. a perpetual inventory system? d) How do the results for part (a) differ from B6-6, where the same information for Dene Company was used in Step by Step Solution
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