Question: We have the following transaction. COGS is calculated based on weighted average method. ( 10 points) Description unit Price per unit Beginning 1 50 units

We have the following transaction. COGS is calculatedbased on weighted average method. (10 points)

Description

unit

Price per unit

Beginning

150 units

$5

Purchase1

70 units

$6

Sell 1

180 units

?

Purchase 2

40 units

$7

Sell 2

60 units

?

Calculate:

1) COGS per unit Sell1
2) COGS per unit sell2
3) Total cost of ending inventory

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