Question: Current Attempt in Progress Inventory data for Marin Company are reported as follows: Assume a sale of 580 units occurred on June 15 for a
Current Attempt in Progress Inventory data for Marin Company are reported as follows: Assume a sale of 580 units occurred on June 15 for a selling price of $8 and a sale of 500 units on June 27 for $9, On June 30,240 units remain in imventory. Calculate the cost of ending inventory and cost of goods sold on June 30 under weighted average. (Round the weighted average cost per unit to 3 decimal places, e.g. 5.271 and final answers to 2 decimal places, e.g. 5,275.75.)
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