Question: Alpha Company uses the weighted average method for inventory valuation. The following information is available for the month of August 2024: Beginning Inventory: 2,000 units

Alpha Company uses the weighted average method for inventory valuation. The following information is available for the month of August 2024:

  • Beginning Inventory: 2,000 units at SAR 12 per unit
  • Purchases:
    • August 10: 3,000 units at SAR 14 per unit
    • August 20: 2,500 units at SAR 16 per unit
  • Sales:
    • August 15: 4,500 units
    • August 25: 3,000 units Calculate the cost of goods sold, ending inventory, and gross profit for Alpha Company using the weighted average method.

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