Question: The answer is not 2780 for COGS for LIFO. What is the correct answer? Pharoah Company uses a perpetual inventory system and reports the following

The answer is not 2780 for COGS for LIFO. What is the correct answer?

the correct answer? Pharoah Company uses a perpetual inventory system and reports

Pharoah Company uses a perpetual inventory system and reports the following for the month of June. Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermedlote calculations to 0 decimal places, e g. 152 and final answers to 3 decimal places, e. 8.5 .125 .) June 1 June 12 June 15 June 23 June 27 Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round answers to 0 decimal places, eg. 125.)

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