Using the average-cost method, calculate the cost of ending inventory and cost of goods sold for Campini Corporation. (Round the average cost per unit to the nearest cent.) E (Click the icon to view the data.) The cost of ending inventory is Data Table The cost of goods sold is Quantity Unit Cost Total Beginning inventory 160 $ 9.00 $ 1,440 Purchases 240 2$ 13.00 $ 3,120 Goods available for sale 400 140 Ending inventory 260 Cost of goods sold Print Done

Using the average-cost method, calculate the cost of ending inventory and cost of goods sold for Campini Corporation. (Round the average cost per unit to the nearest cent.) E (Click the icon to view the data.) The cost of ending inventory is Data Table The cost of goods sold is Quantity Unit Cost Total Beginning inventory 160 $ 9.00 $ 1,440 Purchases 240 2$ 13.00 $ 3,120 Goods available for sale 400 140 Ending inventory 260 Cost of goods sold Print Done

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 10PA: Calculate a) cost of goods sold, b) ending inventory, and c) gross margin for A76 Company,...

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