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Carla Vista Company uses a perpetual inventory system. The company began 2024 with 800 lamps in inventory at a cost of $11 per unit. During
Carla Vista Company uses a perpetual inventory system. The company began 2024 with 800 lamps in inventory at a cost of $11 per unit. During 2024, Carla Vista had the following purchases and sales of lamps: February 15 April 24 June 6 October 18 December 4 Purchased (a) Sold Purchased Sold Purchased 1,600 units @ $17 per unit 2,000 units @ $29 per unit 2,800 units @ $22 per unit 1,600 units @ $32 per unit 1120 units @ $25 per unit All purchases and sales are on account. Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275.) I
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