Question: Question 14 (3 points) Saved Metlock uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units
Question 14 (3 points) Saved Metlock uses a periodic inventory system. In April, 600 units were sold and the following additional information is available: Units Unit Cost Total Cost 250 $14.00 $3,500 Date Type Beginning Apr 1 Inventory Apr 15 Purchase Apr 23 Purchase TOTAL 400 350 1,000 $18.00 $23.00 $7,200 $8,050 $18,750 Required: Calculate the cost of goods sold and the ending inventory using the weighted average method. You must show all of your calculations to receive full marks. (Round the weighted average cost per unit to two decimal places, such as: $XX.XX per unit) Format BI U Cost of Goods Sold (Weighted Average)
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