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Cocker & Co. made purchases of a particular product in the current year as follows: Beginning 125 units @ $46/unit = $ 5,750 Feb. 22
Cocker & Co. made purchases of a particular product in the current year as follows:
Beginning 125 units @ $46/unit = $ 5,750
Feb. 22 275 units @ $51/unit = 14,025
Jul. 11 340 units @ $49/unit = 16,660
Dec. 11 280 units @ $50/unit = 14,000
Totals 1,020 units $50,435
Required Ending inventory consists of 325 units. Assuming a periodic system, determine the costs to be assigned to cost of goods sold and ending inventory under a weighted average cost basis.
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