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Bramble Corporation opened a new store on January 1, 2021. During 2021, the first year of operations, the following purchases and sales of inventory were
Bramble Corporation opened a new store on January 1, 2021. During 2021, the first year of operations, the following purchases and sales of inventory were made: Purchases Sales Date Units Cost per unit Date Units Price per unit Jan. 5 10 $1,000 July 4 13 $2,100 June 11 10 1,190 Dec. 29 34 2,100 Oct. 18 14 1,340 Dec. 20 20 20 1,570 Assume Bramble uses weighted average perpetual. Calculate the cost of ending inventory, cost of the goods sold, and gross profit. (Round the weighted average cost per unit to two decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Ending inventory Cost of goods sold Gross profit +A $ $ +A +A $
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