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Wildhorse Company uses a periodic inventory system and its accounting records include the following inventory information for the month of July: Units Unit Cost Total

image text in transcribed Wildhorse Company uses a periodic inventory system and its accounting records include the following inventory information for the month of July: Units Unit Cost Total Cost July 1 Inventory 150 $10.00 $1,500.00 12 Purchase 230 11.25 2,587.50 20 Sale (250) 0 28 Purchase 490 12.00 5,880.00 A physical inventory count determined that 620 units were at July 31. (a) Calculate the ending inventory and the cost of goods sold under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5,275.75.) Ending inventory Cost of goods sold +A $ FIFO Weighted average $ $

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