pls answer 18 XYZ Inc. uses the average cost formula in a...
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pls answer 18
XYZ Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 1 Beginning inventory 20 units @ $19.00 per unit Jun 5 Purchase 100 units @ $22.00 per unit Jun 8 Sale 70 units Jun 9 Purchase 80 units @ 21.31 per unit Jun 10 Sale 25 units Jun 22 Sale 40 units 16. The cost of goods sold for the June 8 sale is (a) $1,480.00 (b) $1,527.68 (c) $1,505.00 (d) $1,540.00. 17. The cost of goods sold for the June 10 sale is (a) S537.50. (b) $534.58. (c) $549.96. (d) $532.75. 18. Total cost of goods sold for the month of June is (a) $2,890.15. (b) $2,902.50 (c) $2,934.96. (d) $2,894.90 19. XYZ Inc. has an ending inventory on June 30 of (a) $1,389.90. (b) $1,429.90 (c) $1,407.58. (d) $1,385.15
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