Exercise 6-5 (Part Level Submission) Bramble Furniture Ltd uses a perpetual inventory system and has...
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Exercise 6-5 (Part Level Submission) Bramble Furniture Ltd uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases at a cost of $125 each. During June, the compeny hed the falowing purchases and sales of bookcases Date Units Unit cost Units Unit price June 6 1,170 $127 950 $216 10 14 1,7s0 128 16 26 1,040 129 ,600 221 (a) Determine the cost of goods sold and the cost of the ending inventory using the average cost formula. (Use unrounded numbers for a decimal places. e.g 5.52.) Cost of goods sold Cost of the ending inventory
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