Question: Saved Help pter #6 Homework TB EX Qu. 6-208 During 2021, a company sells... During 2021, a company sells 490 units of inventory for $95
Saved Help pter #6 Homework TB EX Qu. 6-208 During 2021, a company sells... During 2021, a company sells 490 units of inventory for $95 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 77 263 189 529 Unit Cost $ 76 77 79 Total Cost $ 5,852 20, 251 14,931 $41,034 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Cost of goods sold Ending inventory
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
