Question: DEF Company uses the weighted average cost method for inventory valuation. The following inventory transactions occurred during the month: Beginning inventory: 100 units at $10

  • DEF Company uses the weighted average cost method for inventory valuation. The following inventory transactions occurred during the month:

    • Beginning inventory: 100 units at $10 per unit
    • Purchase on Jan 10: 200 units at $12 per unit
    • Purchase on Jan 20: 150 units at $15 per unit

  • Calculate the cost of goods sold and ending inventory using the weighted average cost method.

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