Question: Need help with weighted average method, thank you! (a) LCM Trading has the following beginning inventory, purchases and sales of a particular product for the

Need help with weighted average method, thank you! (a) LCM Trading

Need help with weighted average method, thank you!

(a) LCM Trading has the following beginning inventory, purchases and sales of a particular product for the month of May: 1 May Beginning inventory 30 units at $30 each 4 May Purchase 70 units at $35 each 8 May Sale 60 units 10 May Purchase 60 units at $40 each 15 May Sale 25 units 20 May Sale 35 units 26 May Purchase 60 units at $50 each Using perpetual inventory system, compute the cost of goods sold for May and cost of the ending inventory on 31 May using the weighted average method

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