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COLLEGE Mark 13.00 out of 15.00 P Flag question Simplex Company nas a liscal year end on vecember 31. The company nas oniy one product
COLLEGE Mark 13.00 out of 15.00 P Flag question Simplex Company nas a liscal year end on vecember 31. The company nas oniy one product in inventory, and all units of that product are identical (homogenous). Complete the following schedule to calculate the value of ending inventory using the weighted average cost method under the periodic inventory system in 2019. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Cost Value Jan 2 201 $10.00 $ 200 Feb 14 20 $12 40 $ 440 Mar 28 10 $14 50 $ 580 I Jul 10 50 $15 100 1330 Average Inventory 100 $ 13.3 1330 Sales 75$ 25 $ 13.3 332.5 Required Calculate the cost of goods sold. Cost of Goods Sold = $
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