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Use the following information for the month of June for questions 2-32. XYZ Inc. uses the average cos (Use unrounded numbers in your calculations but
Use the following information for the month of June for questions 2-32. XYZ Inc. uses the average cos (Use unrounded numbers in your calculations but round to the nearest cent for presentation t formula in a perpetual inventory system. purposes in your answer.) un 1 Beginning inventory 20 units @ $19.00 per unit Jun 5 Purchase 100 units @ $22.00 per unit 70 units Jun 8 Sale Jun 9 Purchase Jun 10 Sale Jun 22 Sale 80 units @ 22.31 per unit 25 units 40 units 29. The cost of goods sold for the June 8 sale is (a) $1,480.00. (b) $1,505.00. (c) $1,527.68 (d) $1,540.00. 30. The cost of goods sold for the June 10 sale is (a) $545.60. (b) $549.96 (c) $550.00. (d) $557.75. 31. Total cost of goods sold for the month of June is (a) $2,914.65. (b) $2,934.90 (c) $2,946.24. (d) $2,994.80. 32. XYZ Inc. has an ending inventory on June 30 of (a) $1,370.00 (b) $1,418.56. (c) $1,429.90. (d) $1,450.15
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