Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. Date...

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Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. Date Units Unit Cost June 1 Inventory 1,250 $8.00 June 3 Purchases 2,500 8.40 June 7 Sales (at $16 per unit) 1,750 June 20 Purchases 1,700 9.00 June 22 Sales (at $16 per unit) 2,750 What is (a) ending inventory on June 30, and (b) cost of goods sold for June, using the moving-average method? • Round unit costs used in your calculations to two digits after the decimal. (For example, use a rate of $1.42 for $1.424 or use a rate of $1.43 for $1.425.) • Round final answers to the nearest whole dollar. a. Ending inventory on June 30 $ b. Cost of goods sold for June $ Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. Date Units Unit Cost June 1 Inventory 1,250 $8.00 June 3 Purchases 2,500 8.40 June 7 Sales (at $16 per unit) 1,750 June 20 Purchases 1,700 9.00 June 22 Sales (at $16 per unit) 2,750 What is (a) ending inventory on June 30, and (b) cost of goods sold for June, using the moving-average method? • Round unit costs used in your calculations to two digits after the decimal. (For example, use a rate of $1.42 for $1.424 or use a rate of $1.43 for $1.425.) • Round final answers to the nearest whole dollar. a. Ending inventory on June 30 $ b. Cost of goods sold for June $

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Date Purchases Cost of goods sold Ending Inventory June1 Inventory 1250 800 ... View the full answer