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Compute the cost of inventory on June

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Reference no: EM132917068

Question - The following information related to the merchandise inventory of a company: Inventory, June 1 units 1,000 Cost per unit $10 Purchases, June 1 units 4,000 cost per unit $12 Purchases, June 2 units 5,000 cost per unit $11.30 Sales during June amounted to 8,000 units. If the company uses a periodic inventory system and the weighted -average method, compute the cost of inventory on June 30?

Reference no: EM132917068

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