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Assume that a company uses the weighted average inventory costing method and a perpetual inventory system. Assume also a sales price to customers of $119

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Assume that a company uses the weighted average inventory costing method and a perpetual inventory system. Assume also a sales price to customers of $119 per unit. Company records indicate the following for the month: E (Click the icon to view the records.) For calculations round per unit costs to the nearest cent and all other amounts to the nearest whole dollar. Calculate the cost of ending inventory The cost of ending inventory using the weighted average inventory costing method is $ 160 Data Table Calculate cost of goods sold for the month. The cost of goods sold using the weighted average inventory costing method is $ 3850 Date Item Quantity Unit Cost $ 70 Nov. 1 Balance 20 Sale 16 8 Purchase 30 87 17 Sale 30 30 Sale 2 Print Done

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