Given the following data, calculate the cost of goods sold for the 1115 sale using the weighted - average method for a perpetual inventory system, rounding to the nearest dollar (do not round in the process of your calculations, only round your final answer) 

1/1.......................  beginning inventory 50 units at $10 per unit 

3/5 ....................... purchases 30 units at $14 per unit 

4/15 .....................sale 20 units at $30 per unit 

5/30 .....................purchases 50 units at $15 per unit 

11/15 ...................sale 60 units at $32 per unit 

12/31 ...................ending inventory 50 units

 

Answer rating: 100% (QA)

Working for calculating Weighted average price per unit on ... View the full answer