The records of Weight Unlimited showed the following for June: $\begin{array} { l }
\text { Sales.}&2.100 \text { units at } \$ 100 \text { each }\
\text { Purchases.}&2,000 \text { units at } \$ 75 \text { each }\
\text {Beginning inventory. }&3,000 \text { units at } \$ 56 \text { each }\

\end{array}$
Assuming the periodic inventory system is used complete the following tabulation. $$\begin{array} { | l | l| l |}
\hline & \text { FIFO } & \text { Weighted Average } \
\hline \text { (1) Sales............ } & \$ & \$ \
\hline \text { (2) Cost of goods sold... } & \$ & \$ \
\hline \text { (3) Gross margin.......... } & \$ & \$ \
\hline \text { (4) Ending inventory.... } & \$ & \$\\hline
\end{array}$$ Computations:
FIFO:
Weighted Average:

Question

The records of Weight Unlimited showed the following for June: $\begin{array} { l  }
 \text { Sales.}&2.100 \text { units at } \$ 100 \text { each }\
 \text { Purchases.}&2,000 \text { units at } \$ 75 \text { each }\
 \text {Beginning inventory. }&3,000 \text { units at } \$ 56 \text { each }\

\end{array}$
 Assuming the periodic inventory system is used complete the following tabulation. $$\begin{array} { | l | l| l |} 
\hline & \text { FIFO } & \text { Weighted Average } \
\hline \text { (1) Sales............ } & \$ & \$ \
\hline \text { (2) Cost of goods sold... } & \$ & \$ \
\hline \text { (3) Gross margin.......... } & \$ & \$ \
\hline \text { (4) Ending inventory.... } & \$ & \$\\hline
\end{array}$$ Computations:
FIFO:
Weighted Average:

Quizplus · Accepted Answer

The Answer of The records of Weight Unlimited showed the following for June: $\begin{array} { l  }
 \text { Sales.}&2.100 \text { units at } \$ 100 \text { each }\
 \text { Purchases.}&2,000 \text { units at } \$ 75 \text { each }\
 \text {Beginning inventory. }&3,000 \text { units at } \$ 56 \text { each }\

\end{array}$
 Assuming the periodic inventory system is used complete the following tabulation. $$\begin{array} { | l | l| l |} 
\hline & \text { FIFO } & \text { Weighted Average } \
\hline \text { (1) Sales............ } & \$ & \$ \
\hline \text { (2) Cost of goods sold... } & \$ & \$ \
\hline \text { (3) Gross margin.......... } & \$ & \$ \
\hline \text { (4) Ending inventory.... } & \$ & \$\\hline
\end{array}$$ Computations:
FIFO:
Weighted Average:

The Records of Weight Unlimited Showed the Following for June