Question: Use the Schwenn Cycles data in Starter 6-3, except assume that Schwenn uses the moving-weighted-average-cost method, and journalize the following transactions: a. The June 16

Use the Schwenn Cycles data in Starter 6-3, except assume that Schwenn uses the moving-weighted-average-cost method, and journalize the following transactions:
a. The June 16 purchase of inventory on account
b. The June 30 sale of inventory on account; Schwenn sold each bicycle for $240
c. Cost of goods sold
In Starter 6-3
Schwenn started June with five bicycles that cost $190 each. On June 16, Schwenn bought 20 bicycles at $200 each. On June 30, Schwenn sold 15 bicycles.

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