Question: INVENTORY VALUATION METHODS: WEIGHTED AVERAGE COST Purchases 100 kg @ 110/kg Goods Available 600 kg @ 58,000 total. AVERAGE 96.667/kg Sales: 520 kg @

INVENTORY VALUATION METHODS: WEIGHTED AVERAGE COST Purchases 100 kg @ 110/kg Goods Available 600 kg @ 58,000 total. AVERAGE 96.667/kg Sales: 520 kg @ 240/kg Cost of Goods Sold 520 kg @ 96.667/kg =50,267 200 kg @ 100/kg 300 kg @ 90/kg Total = 600 kg @ 58,000 Copyright 2020 CFA Institute Ending inventory (cost) 80 kg @ 96.667/kg = 7,733 13

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