University of Mississippi ACCY ACCY 303 Transactions for the month of June were: Sales June 1 (balance) 1,000 @ $3.00 June 2 500 @ $5.50 3 1,000 @ 4.00 6 1,000 @ 7.50 Assuming that periodic…
@ $3.00 June 2 500 @ $5.50 3 1,000 @ 4.00 6 1,000 @ 7.50 Assuming that periodic inventory records are kept in units only, cost of goods sold on an average cost basis, rounded to the nearest dollar, is
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