Q1.Willets Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its...
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QWillets Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its inventory records show that on June Joe Coffee had units on hand at a cost of $ each. Transactions related to the purchase and sale of coffee makers in June were as follows: Per unitDateTransactionUnitsCostSales priceJune Sale $ Sale $ Purchase$ Purchase$ Sale $InstructionsFor each of the following cost formulas, calculate the ending inventory at June and the cost of goods sold for the month of June. Prove the cost of goods sold calculations.a FIFOb Weighted average Round to the nearest cent
QWillets Coffee Equipment sells European style coffee makers and uses a perpetual inventory system. Its inventory records show that on June Joe Coffee had units on hand at a cost of $ each. Transactions related to the purchase and sale of coffee makers in June were as follows: Per unitDateTransactionUnitsCostSales priceJune Sale $ Sale $ Purchase$ Purchase$ Sale $InstructionsFor each of the following cost formulas, calculate the ending inventory at June and the cost of goods sold for the month of June. Prove the cost of goods sold calculations.a FIFOb Weighted average Round to the nearest cent
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