Question 1 of 9 Current Attempt in Progress Date June 6 Novak Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 530 bookcases at a cost of $120 each. During June, the company had the following purchases and sales of bookcases: 10 14 16 26 Purchases Units 1,140 1,890 1,010 Unit Cost $122 123 124 Units 1,000 1,550 Sales Unit Price $180 185 0/6 Microsoft Teams (work or school) = :

Novak Furniture Ltd, uses a perpetual inventory system and has a beginning inventory, as at June 1 , of 530 bookcases at a cost of $120 each. During June, the company had the following purchases and sales of bookcases: Your answer is incorrect. Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for average cost calculations. Round answers to 2 decimal places. es 5.52.) Cost of goods sold Ending inventory $ $ eTextbook and Media Last saved 3 days ago. Attempts: 1 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes