The inventory records of Boots Company showed the following data related to the sales of leather...

  

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The inventory records of Boots Company showed the following data related to the sales of leather boots for June. Units Unit Price 01-Jun Opening inventory 2,880 $ 32.60 01-Jun Purchased 12,080 $ 33.40 05-Jun Sold 9,980 $ 55.00 17-Jun Purchased 20-Jun Sold 10,150 $ 34.95 8,200 $ 57.00 Instructions: A) Calculate the ending inventory and cost of goods sold assuming the weighted average method is used. The inventory records of Boots Company showed the following data related to the sales of leather boots for June. Units Unit Price 01-Jun Opening inventory 2,880 $ 32.60 01-Jun Purchased 12,080 $ 33.40 05-Jun Sold 9,980 $ 55.00 17-Jun Purchased 20-Jun Sold 10,150 $ 34.95 8,200 $ 57.00 Instructions: A) Calculate the ending inventory and cost of goods sold assuming the weighted average method is used.

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Answer Boots Company Inventory Weighted Average Method June We can calculate the ending inventory an... View the full answer