{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T18:20:09-04:00", "answer_date": "2024-05-29 18:20:09", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1899717", "url": "\/study-help\/questions\/16-tb-ex-qu-6208-during-2021-a-company-sells-1899717", "question_creation_date_js": "2024-05-29T18:20:09-04:00", "question_creation_date": "May 29, 2024 06:20 PM", "meta_title": "[Solved] 16 TB EX Qu. 6-208 During 2021, a company | SolutionInn", "meta_description": "Answer of - 16 TB EX Qu. 6-208 During 2021, a company sells... 0.5 points During 2021, a company sells 490 units of inventory for | SolutionInn", "meta_keywords": "16,tb,qu,6-208,2021,company,sells,0.5,points,490,units,inventory", "question_title_h1": " 16 TB EX Qu. 6-208 During 2021, a company sells... 0.5 points During 2021, a company sells 490 units of inventory for $92 each.", "question_title": " 16 TB EX Qu. 6-208 During 2021, a company sells... 0.5", "question_title_for_js_snippet": "16 TB EX Qu 6 208 During 2021, a company sells 0 5 points During 2021, a company sells 490 units of inventory for $92 each The company has the following inventory purchase transactions for 2021 Date Transaction Number of Units Jan 1 Beginning inventory 78 May 5 Purchase 267 Unit Cost $77 78 Total Cost $ 6,006 20,826 Nov 3 Purchase 181 526 80 14,480 $41,312 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted average cost method (Round weighted average unit cost to 4 decimal places Round your final answers to the nearest dollar amount ) Answer is complete but not entirely correct Cost of goods sold $ 36 Ending inventory $ 2,839 Return to question", "question_description": "\"image", "transcribed_text": "16 TB EX Qu. 6-208 During 2021, a company sells... 0.5 points During 2021, a company sells 490 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Jan. 1 Beginning inventory 78 May 5 Purchase 267 Unit Cost $77 78 Total Cost $ 6,006 20,826 Nov. 3 Purchase 181 526 80 14,480 $41,312 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Answer is complete but not entirely correct. Cost of goods sold $ 36 Ending inventory $ 2,839 Return to question", "related_book": { "title": "Financial Accounting", "isbn": "978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881", "edition": "6th Edition", "authors": "Libby, Short", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/143.jpg", "uri": "\/textbooks\/financial-accounting-6th-edition-143", "see_more_uri": "" }, "free_related_book": { "isbn": "B0BZFDFQ8X", "uri": "\/textbooks\/mathematics-101-unlocking-your-math-potential-1st-edition-979-8388978622-271879", "name": "Mathematics 101 Unlocking Your Math Potential", "edition": "1st Edition" }, "question_posted": "2024-05-29 18:20:09", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-August-28", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/norman-freight-purchased-a-building-for-1100000-and-depreciated-it", "description": "Norman Freight purchased a building for $1,100,000 and depreciated it on a straight-line basis over a 30-year period. 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