Question: Company ABC uses the weighted average cost method for inventory valuation. During the current period, they made the following inventory purchases: January 1: 100 units

Company ABC uses the weighted average cost method for inventory valuation. During the current period, they made the following inventory purchases:

  • January 1: 100 units at $10 per unit
  • February 1: 200 units at $12 per unit
  • March 1: 150 units at $15 per unit

At the end of the period, they have 250 units remaining. Calculate the cost of goods sold and ending inventory value using the weighted average cost method.

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