8 A company had the following purchases during its first year of operations: January April May Purchases 20 units at $7 30 units at $8 Sales 15 units at $14 The company uses the weighted-average method to determine the cost of its inventory. What is the weighted average cost per unit in May (round to one decimal place if necessary)? b. What is the cost of goods sold in May? c. What is the cost of ending inventory in May? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US a-7.6 b.(20 x7)+(30 x8)=380 c.13,300 Paragraph Arial V 10pt J!! Remaining Time: 37 minutes, 05 seconds. Question Completion Status: A company had the following purchases during its first year of operations January March May Purchases 10 units at $40 Sales 25 units at $20 12 units at $60 The company uses FIFO method to determine its cost of inventory. a. What is the cost of goods sold in May? b. What is the total cost of goods purchased during the year? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph cost of goods sold: 860 total cost 10 x 40-400 25x 20-500 400+500-900 Y Arial 10pt > > !!! 111 > A