1. Kelly's Krafters began selling a new product on January 1. Kelly purchased 500 units on January 2 at a cost of $150 and 1500 units on January 5 costing $375. 
2. If Kelly uses the weighted average formula for costing inventory, what would be the cost of goods sold for the first sale on January 7 of 1,000 units?

Answer rating: 100% (QA)

To calculate the cost of goods sold using the weighted average formula for costing inventory you nee... View the full answer