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View Policies Current Attempt in Progress Bridgeport Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of
View Policies Current Attempt in Progress Bridgeport Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 500 bookcases at a cost of $124 each. During June, the company had the following purchases and sales of bookcases: Purchases Sales Date Units Unit cost Units Unit price June 6 1,250 $126 10 1,040 $193 14 1,790 127 16 1,610 198 26 990 128 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. e.g 5.52.) Cost of goods sold Cost of the ending inventory eTextbook and Media Save for Later +A $ +A Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. (c)
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