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11:14 Top Story Biden calls for a 'pause' in Israel-Hamas war to 'get the prisoners out' Brutus Corporation, a newly formed corporation, has the following
11:14 Top Story Biden calls for a 'pause' in Israel-Hamas war to 'get the prisoners out' Brutus Corporation, a newly formed corporation, has the following transactions during May, its first month of operations. May 1. Purchased 500 units @ $25.00 each. 4. Purchased 300 units @ $24.00 each. 6. Sold 400 units @ $38.00 each. 8. Purchased 700 units @ $23.00 each. 13. | Sold 450 units @ $37.50 each. 20. Purchased 250 units @ $25.25 each. 22. 27. Sold 275 units @ $36.00 each. Sold 300 units @ $37.00 each. 28. Purchased 550 units @ $26.00 each. 30. Sold 100 units @ $39.00 each. Using the table provided and assuming a periodic inventory system, determine total sales, cost of goods sold, gross profit, and ending inventory using the weighted average cost method. Round the average unit cost to the nearest cent. O Total sales: $56,975.00 now Cost of goods sold: $37 312 50
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