Info is in the first slide, as well as the first and second part to the question, third and fourth part to the question are in the second picture. 1 ( Calculate cost of goods sold for July using weighted - average) 2 ( Calculate cost of goods sold for July using first in first out)3 (Which one has greater) 4 ( Which of the two... result in larger inventory) Current Attempt in ProgressAt the beginning of its operations in July 2020, Wheaton Pet Shop Ltd. began with 9,400 units of inventory that it purchased at acost of $15.00 each. The company's purchases during July were as follows:July 57,200 units @ $18.00Sales during July:July 28,700 unitsJuly 274,600 unitsWheaton Pet Shop uses a perpetual inventory system.Calculate the cost of goods sold for July using the weighted-average cost formula. (Round calculations for cost per unit to 2decimal places, e.g. 10.52 and final answer to O decimal places, e.g. 61,052.)24Cost of goods soldeTextbook and MediaCalculate the cost of goods sold for July using the first-in, first-out cost formula.%24Cost of goods soldeTextbook and Media Which of the two inventory cost formulas results in the greater gross margin for July?Thev cost formula results in a greater gross margin for July.eTextbook and MediaWhich of the two inventory cost formulas results in the larger inventory balance at the end of July? (Round calculations for costper unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.)Ending Inventory24Weighted-average24FIFOThev cost formula results in a larger inventory balance at the end of July.eTextbook and MediaAttempts: 0 of 2 usedSubmit AnswerSave for Later

Name: Info is in the first slide, as well as the first and second part to th
Uploaded: 2022-11-21T18:53:23.000Z
Channel: Bartleby
Description: Info is in the first slide, as well as the first and second part to the question, third and fourth part to the question are in the second picture. 1 ( Calculate cost of goods sold for July using weighted - average) 2 ( Calculate cost of goods sold f