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Marigold Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at...

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Accounting

Marigold Furniture Ltd. uses a perpetual inventory system and has a beginning inventory, as at June 1, of 520 bookcases at a cost of $116 each. During June, the company had the following purchases and sales of bookcases: Date June (a) 6 10 14 16 26 Units Purchases 1,160 1,800 1,000 2 Cost of goods sold Unit Cost Ending inventory Your answer is incorrect. Save for Later $ $118 $ eTextbook and Media 119 120 Units 1,020 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. e.g 5.52.) 1,520 Sales Unit Price $181 231248 186 Attempts: 1 of 2 used Submit Answer
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Marigold Furniture Ltd, uses a perpetual inventory system and has a beginning inventory, as at fune 1, of 520 bookcases at a cost of \$116 each Durine June the company had the following purchases and salee of hooleases: (a) 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

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