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Bramble Corporation opened a new store on January 1, 2024. During 2024, the first year of operations, the following purchases and sales of inventory were
Bramble Corporation opened a new store on January 1, 2024. During 2024, the first year of operations, the following purchases and sales of inventory were made: Date Jan. 5 June 11 Oct. 18 Dec. 20 Purchases Units 10 10 14 20 Cost per unit $1.000 1.190 1,340 1,570 Date July 4 Dec. 29 Sales Units 13 34 Price per unit $2,100 2.100
Assume weighted average perpetual.
Calculate the cost of ending inventory, cost of goods sold, and gross profit. (Round the weighted averas places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.)
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