Tablet Company, which uses a periodic inventory system, reports the following in its inventory records for June:
During June, Tablet 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

Tablet Company, which uses a periodic inventory system, reports the following in its inventory records for June:
  During June, Tablet 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 Tablet Company, which uses a periodic inventory system, reports the following in its inventory records for June:
  During June, Tablet 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.

Tablet Company, Which Uses a Periodic Inventory System, Reports the Following