Question: Current Attempt in Progress - 1 0 Tamarisk Company uses a perpetual inventory system. Beginning inventory is 4 , 5 0 0 T - shirts
Current Attempt in Progress
Tamarisk Company uses a perpetual inventory system. Beginning inventory is Tshirts at a cost $ per shirt. During the year Tamarisk had the following inventory transactions:
Jan. Purchased units
@ per unit
Feb. Sold units
@ per unit
July Purchased units
@ per unit
Aug. Sold units
@ per unit
Dec. Purchased units
@ per unit
All purchases and sales are on account.
Calculate the cost of goods sold and ending inventory using weighted average. Round the weighted average cost per unit to decimal places, eg and final answers to decimal places, eg
Weighted average
Cost of goods sold
$
Ending inventory
$
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