Current Attempt in Progress Tamarisk Company uses the perpetual inventory system and the weighted average cost formula. The following information is available for the month of June: Date June 1 15 17 24 Explanation Beginning Inventory Purchase Sale Purchase Units Unit Cost 290 $10 390 340 490 10 ? 12 Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, eg. 5,275.)
Current Attempt in Progress Tamarisk Company uses the perpetual inventory system and the weighted average cost formula. The following information is available for the month of June: Date June 1 15 17 24 Explanation Beginning Inventory Purchase Sale Purchase Units Unit Cost 290 $10 390 340 490 10 ? 12 Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, eg. 5,275.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Current Attempt in Progress
Tamarisk Company uses the perpetual inventory system and the weighted average cost formula. The following information is available
for the month of June:
Date
June
Explanation
1 Beginning Inventory
15
17
24
Purchase
Sale
Purchase
Units
290
390
340
490
Unit Cost
$10
10
?
12
Prepare a schedule to show cost of goods sold and the value of the ending inventory for the month of June. (Round the weighted average
cost per unit to 2 decimal places, e.g. 15.25 and all other answers to O decimal places, e.g. 5,275.)
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