A company reports the following in its inventory records for June:

During June, the company sold 12 units. Using the weighted-average cost method, compute the cost of goods sold for June and the June 30 ending inventory balance for this product.

Question

A company reports the following in its inventory records for June:
  
During June, the company sold 12 units. Using the weighted-average cost method, compute the cost of goods sold for June and the June 30 ending inventory balance for this product.

Quizplus · Accepted Answer

The Answer of A company reports the following in its inventory records for June:
  
During June, the company sold 12 units. Using the weighted-average cost method, compute the cost of goods sold for June and the June 30 ending inventory balance for this product.

A Company Reports the Following in Its Inventory Records for June