Question: 8:30 P Assignment_3 (1) - Saved Part 2 ABC are now in the month of July and make purchases and few sales. Calculate the Gross

8:30 P Assignment_3 (1) - Saved Part 2 ABC are now

8:30 P Assignment_3 (1) - Saved Part 2 ABC are now in the month of July and make purchases and few sales. Calculate the Gross profit and Cost of Good Sold for ABC. Co by using perpetual inventory system a. FIFO b. Moving Weighted Average Method (COGS: a) $11388 b) $11484) Date July1 Units 21@ Price $ Total 46 (C.P) 1240 Inventory Beg. Inventory Purchases Purchases Sale July 7 July 10 July 15 66@ 116 @ 61 @ 51 (CP) 1890 56 (C.P) 130 2015 (S.P) 56 (C.P) 3355 130 10385 (S.P) S. P- Selling July 10 July 29 Purchases Sales 62 152 Price C.P = Cost Price III o

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