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Cheyenne Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost
Cheyenne Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available.
Units | Unit Cost | Total Cost | ||||||
April 1 inventory | 280 | $17 | $ 4,760 | |||||
April 15 purchase | 420 | 20 | 8,400 | |||||
April 23 purchase | 300 | 22 | 6,600 | |||||
1,000 | $19,760 |
Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.)
Weighted average cost per unit |
Compute the April 30 inventory and the April cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 2,760.)
Ending inventory | $ | |
Cost of goods sold | $ |
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