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A company's inventory records show the following data for the month of July. Activities Beginning inventory Purchase Date: July 1 July 5 July 10
A company's inventory records show the following data for the month of July. Activities Beginning inventory Purchase Date: July 1 July 5 July 10 July 201 July 25 Sale Purchase Sale Units Sold at Retail. Units Acquired at Cost 100 units @ $21 = $2,100 50 units @ $24 $1,200 75 units @ $50 200 units @ $50 225 units @ $26 = $5,850 If the company uses the weighted average method and the perpetual inventory system, what would be the cost of its ending inventory? July 11 July 5 Goods purchased Cost of Goods Sold Inventory Balance Date Number of Cost per units unit Number of units sold Cost per unit Cost of Goods Sold Number of units Cost per unit Inventory Balance Average cost July 5 July 10 July 201 Average cost July 20 July 25 Total July 25
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