Question: Question 4 of 1 6 Current Attempt in Progress - 1 0 Tamarisk Company uses a perpetual inventory system. Beginning inventory is 4 , 5

Question 4 of 16
Current Attempt in Progress
-10
Tamarisk Company uses a perpetual inventory system. Beginning inventory is 4,500 T-shirts at a cost $2.50 per shirt. During the year Tamarisk had the following inventory transactions:
\table[[Jan.12,Purchased,900 units @ 2.15 per unit,],[Feb.18,Sold,2,350 units @ 6.50 per unit,],[July,1,Purchased,3,000 units @ 2.65 per unit],[Aug.29,Sold,2,400 units @ 7.50 per unit,],[Dec.19,Purchased,900 units @ 3.05 per unit,]]
All purchases and sales are on account.
Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g.15.25 and final answers to 0 decimal places, e.g.5,275.)
Weighted average
Cost of goods sold
$
Ending inventory
$
 Question 4 of 16 Current Attempt in Progress -10 Tamarisk Company

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!