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Use the following information for the month of June for the following four questions XYZ Inc. uses the average cost formula in a perpetual inventory
Use the following information for the month of June for the following four questions XYZ Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 1 Beginning inventory 20 units @ $19.00 per unit Jun 5 Purchase 100 units @ $22.00 per unit Jun Sale 70 units Jun 9 Purchase 80 units @ 22.31 per unit Jun 10 Sale 25 units Jun 22 Sale 40 units DO NOT ADD COMMAS, SPACES, OR DOLLAR SIGNS. ROUND TO TWO DECIMAL POINTS, E.g., 1234.99 8 Cost of goods sold for the June 8 sale was: Cost of goods sold for the June 10 sale was: Total cost of goods sold for the month of June is: XYZ Inc. has an ending inventory on June 30 of: A/
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