Question: Using the Weighted Average inventory method calculate the total cost of goods sold for the month Using the Weighted Average inventory method calculate the cost

Using the Weighted Average inventory method calculate the total cost of goods sold for the month
Using the Weighted Average inventory method calculate the cost of ending inventory after the last sale.
Using the Weighted Average inventory method calculate the number of units in the ending inventory
Please use the following information for questions 3 - 11. Digital Enterprises uses a perpetual inventory system and has the following data available from inventory, purchases, and sales for the month of January: Date Activity Units Sale Price (per unit) Purchase Price (per unit) $4.50 $5.70 180 Jan. 01 Jan. 07 Jan. 16 Jan. 24 Jan. 30 Beg. inventory Purchase 1 Sale 1 Purchase 2 Sale 2 350 475 $9.70 510 $6.10 325 $11.50
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
