Calculate the cost of goods sold and the cost of the ending inventory using the weighted average
Question:
Sales ........... 100 units at $15 per unit
Beginning inventory ..... 90 units at $6 per unit
Purchases .......... 60 units at $9 per unit
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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