Question
Company G uses the weighted-average method for inventory valuation. At the beginning of January, the company has 1,000 units of inventory at $10 per unit.
Company G uses the weighted-average method for inventory valuation. At the beginning of January, the company has 1,000 units of inventory at $10 per unit. During January, the company purchases 2,000 units at $12 per unit and sells 2,500 units at $20 per unit.
Calculate the cost of goods sold and ending inventory for January.
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Louis Beaubien
8th Canadian Edition
134453735, 9780134824680, 134824687, 9780134733081 , 978-0134453736
