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Calculating Weighted-Average Cost Inventory Values. The Mann Corporation began operations in 2011. Information relating to the company's purchases of inventory and sales of products for

Calculating Weighted-Average Cost Inventory Values. The Mann Corporation began operations in 2011. Information relating to the company's purchases of inventory and sales of products for 2011 and 2012 is presented below.

2011
March 1 Purchase 200 units @ $40 per unit
June 1 Sold 120 units @ $100 per unit
September 1 Purchase 100 units @ $56 per unit
November 1 Sold 130 units @ $100 per unit

2012
March 1 Purchase 100 units @ $64 per unit
June 1 Sold 80 units @ $120 per unit
September 1 Purchase 100 units @ $72 per unit
November 1 Sold 100 units @ $140 per unit

Calculate the weighted-average cost of goods sold and ending inventory for 2011 and 2012 assuming use of (a) the periodic method and (b) the perpetual method.

a. Weighted-Average Periodic. Do not round your cost per unit. Do not round until your final answer. Round your answers to the nearest whole number.

2011
Cost of goods sold $Answer

Ending inventory $Answer

2012
Cost of goods sold $Answer

Ending inventory $Answer

b. Weighted-Average Perpetual. Do not round your cost per unit. Do not round until your final answer. Round your answers to the nearest whole number.

2011
Cost of goods sold $Answer

Ending inventory $Answer

2012
Cost of goods sold $Answer

Ending inventory $Answer

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