Question: 16. (6 points) Weighted Average Method. Use the data bel ow to answer the questions that follow. When you calculate the average cost per unit,

16. (6 points) Weighted Average Method. Use the data bel ow to answer the questions that follow. When you calculate the average cost per unit, round to 2 decimal places Round your final responses to the nearest whole dollar. Make sure your an read." swers are "easy to DateDescription Units Unit Cost 7/01 Beg Inventory 20 03 Purchase 7/05 Sale 7/14 Purchase 7/21 Sale 7/30 Purchase $9 80 50 40 30 90 $7 36 The selling price for both 7/05 and 7/21 was $15 per unit. Using the Weighted Average Method (perpetual), complete the following: Only the 1st response is required. The 2 and 3"d responses are Extra Credit, 4 points each -the Cost of Goods Sold for the 7/05 sale (Required the Cost of Goods Sold for the 7/21 sale (Extra Credit) -the dollar amount of Ending Inventory on 7/31 (Extra Credit) Page 13 of 17

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