Current Attempt in Progress At the beginning of its operations in July 2020, Wheaton Pet Shop Ltd. began with 9,400 units of inventory that it purchased at a cost of $15.00 each. The company's...

Info is in the first slide, as well as the first and second part to the question, third and fourth part to the question are in the second picture. 1 ( Calculate cost of goods sold for July using weighted - average) 2 ( Calculate cost of goods sold for July using first in first out) 3 (Which one has greater) 4 ( Which of the two... result in larger inventory)


Extracted text: Current Attempt in Progress At the beginning of its operations in July 2020, Wheaton Pet Shop Ltd. began with 9,400 units of inventory that it purchased at a cost of $15.00 each. The company's purchases during July were as follows: July 5 7,200 units @ $18.00 Sales during July: July 2 8,700 units July 27 4,600 units Wheaton Pet Shop uses a perpetual inventory system. Calculate the cost of goods sold for July using the weighted-average cost formula. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answer to O decimal places, e.g. 61,052.) 24 Cost of goods sold eTextbook and Media Calculate the cost of goods sold for July using the first-in, first-out cost formula. %24 Cost of goods sold eTextbook and Media


Extracted text: Which of the two inventory cost formulas results in the greater gross margin for July? The v cost formula results in a greater gross margin for July. eTextbook and Media Which of the two inventory cost formulas results in the larger inventory balance at the end of July? (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) Ending Inventory 24 Weighted-average 24 FIFO The v cost formula results in a larger inventory balance at the end of July. eTextbook and Media Attempts: 0 of 2 used Submit Answer Save for Later