Question: Flounder Ltd . , which uses a perpetual inventory system, recorded the following inventory transactions for this year: table [ [ , , ,
Flounder Ltd which uses a perpetual inventory system, recorded the following inventory transactions for this year:
tablePurchases,SalesUnits,Unit Cost,Units,Selling PriceUnitAprBeginning inventory,$Purchase,MayPurchase,Sale,,,$JunePurchase,
Using the FIFO cost formula, calculate the cost of goods sold for the quarter ended June
Cost of goods sold $
Using the average cost formula, calculate the ending inventory at June Round per unit costs to decimal places, eg and final answer to decimal places, eg
Ending inventory $
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