Question: Problem 1: Inventory (11 marks) VERSION VERSION The inventory records of Boots Company showed the following data related to the sales of leather boots for

Problem 1: Inventory (11 marks) VERSION VERSION The inventory records of

Problem 1: Inventory (11 marks) VERSION VERSION The inventory records of Boots Company showed the following data related to the sales of leather boots for June. Units Unit Price Opening 1-Juninventory 5,500 1-JunPurchased 5-JunSold 17-JunPurchased 20-Jun Sold 13,000 7,800 9,000 11,250 $ 8.75 $9.05 $ 15.00 $ 9.25 $ 15.00 Instructions: A) Calculate the ending inventory and cost of goods sold assuming the weighted average method is used. B) Calculate the ending inventory and cost of goods sold assuming the moving average method is used

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