Question: Assuming a periodic system is in use and using the cost of goods sold above, determine the following: Cost of goods sold and the ending

Assuming a periodic system is in use and using the cost of goods sold above, determine the following: Cost of goods sold and the ending inventory using Weighted Average inventory method: Question 8 options: Weighted Average Perpetual Date Purchases Sales at Cost Inventory Balance 1/1 Beginning Inventory 5 @ $20 = $100 1/5 2 @ $20 = $40 3 @ $20 = $60 1/11 9 @ 12=$108 3 @ $20 = $60 9 @ $12 = 108 $168 $168/12 = $14 12 @ $14 =$168 1/18 7 @ $14 = $98 5 @ $14 = $70 Ending Inventory Total COGS $ 40 + 94 = $138 Weighted Average Perpetual Date Purchases Sales at Cost Inventory Balance 1/1 Beginning Inventory 5 @ $ 20 = $100 1/5 2 @ $20 = $40 3 @ $20 = 60 1/11 9 @ $12=$108 3 @ $20 = $60 9 @ $12 = 108 $168 $168/12 = $ 14 12 @ $14 =$168 1/18 3 @ $20 = $ 60 4 @ $12 = 48 $108 3 @ $20 = $ 60 2 @ $12 = 24 $ 84 Ending Inventory Total COGS $40 + 84 = $124 Weighted Average Perpetual Date Purchases Sales at Cost Inventory Balance 1/1 Beginning Inventory 5 @ $20 = $100 1/5 2 @ $20 = $40 3 @ $20 = $60 1/11 9 @ 12=$108 12 @ $16 = $192 1/28 3 @ $20 = $60 4 @ $12 = 48 $108 5 @ $12 = $80 Ending Inventory Total COGS $ 40 + 108 = $148 Assuming a periodic system is in use and using the cost of goods sold above, determine the following: Cost of goods sold and the ending invent

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