Inventory Valuation under Weighted Average Method ABC Company has the following inventory purchases Item Quantity Cost per Unit ($) Product A 300 8 Product B 400 10 Product C 500 12 Calculate the total value of inventory using the Weighted Average Cost method Then, determine the cost of goods sold if 800 units were sold during the period

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Question: Inventory Valuation under Weighted Average Method: ABC Company has the following inventory purchases: Item Quantity Cost per Unit ($) Product A 300 8 Product B

Inventory Valuation under Weighted Average Method:

ABC Company has the following inventory purchases:

Item	Quantity	Cost per Unit ($)
Product A	300	8
Product B	400	10
Product C	500	12

Calculate the total value of inventory using the Weighted Average Cost method. Then, determine the cost of goods sold if 800 units were sold during the period.

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