Camino Tires Company Inventory Transactions

Camino Tires Company uses a perpetual inventory system for its business. During March, the company had the following merchandising transactions.

Date	Transaction	Tires	Cost	Total
Mar 1.	Beginning Inventory	25	$ 160.00	$4,000.00
Mar 3.	Purchase	30	$ 190.00	$5,700.00
Mar 11.	Purchase	15	$ 230.00	$3,450.00

Date	Transaction	Tires	Sales Price	Total
Mar 30.	Sale	45	$ 300.00	$13,500.00

Required:

Calculate the following using the Weighted Average Inventory Costing Method.

Number of tires sold = 45

Enter only numbers. DO NOT ENTER DOLLAR SIGNS ($)

1. Cost of Goods Sold:

Number of Tires Sold	Weighted Average Cost	Total

2. Ending Inventory:

Number of Tires in Ending Inventory	Weighted Average Cost	Total

3. Cost of Goods Available for Sale: