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Alpha Company uses the weighted average method for inventory valuation. The following information is available for the month of August 2024: Beginning Inventory: 2,000 units
Alpha Company uses the weighted average method for inventory valuation. The following information is available for the month of August 2024:
- Beginning Inventory: 2,000 units at SAR 12 per unit
- Purchases:
- August 10: 3,000 units at SAR 14 per unit
- August 20: 2,500 units at SAR 16 per unit
- Sales:
- August 15: 4,500 units
- August 25: 3,000 units Calculate the cost of goods sold, ending inventory, and gross profit for Alpha Company using the weighted average method.
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