1 10 1 25 24 1 28 Total 3 Three Identical units of merchandise were...
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1 10 1 25 24 1 28 Total 3 Three Identical units of merchandise were purchased during July, as follows: Units Cost July 3 Purchase $22 Purchase Purchase $75 Average cost per unit 525 Assume one unit sets on July 28 for $36, Determine the gross pront, cost of merchandise nold, and ending inventory on July 3 using the (a) minit.in, first-out, (b) last in first out, and (c) weighted average cost now methods Gross Pront Cost of Merchandise Sold Ending Inventory a. First in, first-out 6. Last-in, Dest-out c. Weighted average cost
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