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Check my work Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 55 75 65 70 265 Cost per unit
Check my work Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 55 75 65 70 265 Cost per unit $ 4 7 8 9 Total $ 220 525 520 630 $1,895 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 76 units). (Do not round intermediate calculations. Round your final answer to the nearest cent.) Cost of ending inventory b. Calculate the cost of goods sold using the weighted-average method. (Use your rounded answer from Part a. Round your final answer to the nearest cent.) Cost of goods sold
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