Grouper Limited uses a periodic inventory system. On June 24, the company sold 810 units. The following additional information is available: June 1 inventory June 15 purchase June 23 purchase Ending inventory Units Cost of goods sold 270 540 540 1,350 $ $ Unit Cost eTextbook and Media $11 14 17 Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275.) Total Cost $2,970 7,560 9.180 $19,710

Grouper Limited uses a periodic inventory system. On June 24, the company sold 810 units. The following additional information is available: June 1 inventory June 15 purchase June 23 purchase Ending inventory Units Cost of goods sold 270 540 540 1,350 $ $ Unit Cost eTextbook and Media $11 14 17 Calculate the June 30 inventory and the June cost of goods sold, using the weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275.) Total Cost $2,970 7,560 9.180 $19,710

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Description: Subject: acounting Grouper Limited uses a periodic inventory system. On June 24, the company sold 810 units. The following additional information isavailable:June 1 inventoryJune 15 purchaseJune 23 purchaseUnitsEnding inventory2705405401,350$Cost of

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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