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Units 2007 Sale Given the following inventory transactions: Date Description Cost/Sale Price 01/06/13 Opening Inventory 08/06/13 15/06/13 Purchase 100 19/06/13 Purchase 22/06/13 Sale 140 Complete

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Units 2007 Sale Given the following inventory transactions: Date Description Cost/Sale Price 01/06/13 Opening Inventory 08/06/13 15/06/13 Purchase 100 19/06/13 Purchase 22/06/13 Sale 140 Complete this table using a perpetual average cost inventory system. Do not use any punctuation. Purchases Qty Unit Cost Sales Qty Unit Cost Total Cost Total Cost| Date 01/06/13 On Hand Qty Unit Cost 200 50 Total Cost 10000 4000 08/06/13 120 50 6000 X 15/06/13100 72 7200 L X X 119/06/13/ 50 87 4350 OOO * * 22/06/13 140 O O O O O * * * * Any calculated values are to be rounded to the nearest whole number and that rounded number should be used in any further calculations. * What is the total cost of Goods Sold for June 2013 What is sales revenue for June 2013 xxx What is the gross profit for June 2013 What is the gross profit percentage for June 2013 (Do not include %)

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