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13. During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows: Units Cost per unit Begin Inventory
13. During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows:
|
| Units | Cost per unit |
| Begin Inventory | 100 | 12 |
Jan 5 | Sale | 50 |
|
10 | Purchase | 70 | 16 |
15 | Sale | 25 |
|
25 | Sale | 35 |
|
Find the cost of goods sold and ending inventory using the moving weighted average method of costing rounding calculations to two decimals.
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