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Carla Vista Co.sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Carla Vista's purchases and
Carla Vista Co.sells an ultra-lightweight snowboard that is considered to be one of the best on the market. Information follows for Carla Vista's purchases and sales of the ultra-lightweight snowboard in October: Date Units Unit Sales Price Oct. 1 Transaction Beginning inventory Purchase Unit Purchase Price $295 303 25 10 30 (42) 12 Sale $478 13 Purchase 35 311 25 Sale (45) 488 27 Purchase 20 318 Calculate the cost of goods sold and the ending inventory using FIFO and weighted average, assuming Carla Vista uses a perpetual inventory system. (Round the weighted average cost per unit and final answers to 2 decimal places, eg. 5,265.25.)
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