Question: what am i doing wrong please help. (Appendix 68) Inventory Costing Methods: Periodic Average Cost Fuimono Inc. has the following information related to purchases and
(Appendix 68) Inventory Costing Methods: Periodic Average Cost Fuimono Inc. has the following information related to purchases and sales of one of its inventory Items Date Description Units Purchased at Cost Units sold at Retail June 1 Beginning Inventory 150 units 512 51.000 9 Purchase 200 units $12 $2.400 14 Sale! 300 units $25 22 Purchase 2 250 units 51453.500 29 Sale 2 225 units a $25 Assume that monova periodic Inventory system Required: Calculate the cost of goods sold and the cost of ending inventory using the average cost method. (Note: Use four decimal places for per unit calculations and round all other numbers to the nearest dollar.) Cost of goods sold 6,650 X Cost of ending inventory 1,050 X
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