Question
6 of 29 View Policies Current Attempt in Progress Swifty Corporation is a multi-product firm. The following information concerns one of its products, the Trinton:
6 of 29 View Policies Current Attempt in Progress Swifty Corporation is a multi-product firm. The following information concerns one of its products, the Trinton: Price/ Date Transaction Quantity Cost Jan. 1 Beginning inventory 1,200 $13 Feb. 4 Purchase 2,090 18 Feb. 20 Sale 2,400 31 Apr. 2 Nov. 4 Purchase Sale 3,170 21 2,200 36 -/4 (b) Calculate cost of goods sold, assuming Swifty uses a periodic inventory system and weighted average cost formula. (Round weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answer to O decimal places, e.g. 5,275.) Cost of goods sold LA $
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