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Bitter End Brew Co. reports the following inventory transactions for its beverages for the month of August. The company uses a perpetual inventory system. Date

Bitter End Brew Co. reports the following inventory transactions for its beverages for the month of August. The company uses a perpetual inventory system.

Date Description Units Unit Cost Total Cost
Aug 1 Beginning inventory 30 $55 $1,650
Aug 6 Purchases 15 $45 $675
Aug 9 Sales (35)
Aug 14 Purchases 20 $40 $800
Aug 20 Sales (25)
Aug 28 Purchases 20 $35 $700

Required:

Determine the cost of goods sold using the weighted average cost method. Use unrounded numbers in your interim calculations but round to the nearest cent (2 decimal places) for your final answer.

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