Question: Chapters 6 & 7 6 Saved During 2021, e company sells 25 units of inventory. The company has the following Inventory purchase transactions for 2021
Chapters 6 & 7 6 Saved During 2021, e company sells 25 units of inventory. The company has the following Inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory Sep. Purchase Number of Unit 20 10 30 Unit Cont $55 24 Total Coast $1,100 240 $1,340 40 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted-average cost method. (F welghted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount) Ending Inventory Cost of goods sold
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