Given the purchases below and ending inventory of 630, determine the cost of goods sold using the
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Question:
Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method.
# of units purchased | Cost per unit | Total cost | |
|---|---|---|---|
Beginning inventory | 170 | $2.80 | $476 |
July 1 purchase | 540 | $3.30 | 1,782 |
October 9 purchase | 380 | $3.65 | 1,387 |
Goods available for sale | 1,090 | $3,645 |
Expert Answer:
To determine the cost of goods sold using the weightedaverage method we need to calculate the cost p... View the full answer
Related Book For 
Corporate Financial Accounting
ISBN: 978-1285868783
13th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
