Inventory records for Eliza Company revealed the following: Date Transaction March 1 Beginning Inventory March 10...

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Inventory records for Eliza Company revealed the following: Date Transaction March 1 Beginning Inventory March 10 Purchase March 16 Purchase March 23 Purchase Number of Units Unit Cost 1,080 $ 7.13 510 7.28 840 7.45 530 7.67 Eliza sold 2,200 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted-average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.) Inventory records for Eliza Company revealed the following: Date Transaction March 1 Beginning Inventory March 10 Purchase March 16 Purchase March 23 Purchase Number of Units Unit Cost 1,080 $ 7.13 510 7.28 840 7.45 530 7.67 Eliza sold 2,200 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted-average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.)

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To calculate the cost of goods sold COGS using the weightedaverage cost method we need to determine ... View the full answer