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Use the following information for questions 1 & 2 June Corp. sells one product and uses a periodic inventory system. The beginning inventory consisted of
Use the following information for questions 1 & 2 June Corp. sells one product and uses a periodic inventory system. The beginning inventory consisted of 100 units that cost $20 per unit. During the current month, the company purchased 580 units at $20 each. Sales during the month totaled 450 units for $43 each. Using Average Cost Method. Do not round-use exact amounts - required to include 2 decimal places for dollars and cents 1. What is the number of units in the ending inventory? 2. What is the dollar amount of ending inventory? answers
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