The periodic inventory records of Cambridge Prosthetics indicate the following for the month of July:...
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Accounting
The periodic inventory records of Cambridge Prosthetics indicate the following for the month of July: (Click the icon to view the inventory records.) At July 31, Cambridge counts ten units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Cambridge using the weighted-average inventory costing method. Weighted average Ending Merchandise Inventory Cost of Goods Sold - X Data Table Jul. 1 Beginning merchandise inventory 8 Purchase 15 Purchase 26 Purchase 20 units @ $ 60 each 20 units @ $50 each 15 units @ $ 29 each 15 units @ $ 25 each Print Done
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