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Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase of Units 30 35 40 40 145 Cost $ 32
Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov. 11 Purchase of Units 30 35 40 40 145 Cost $ 32 31 30 28 Total Cost $ 960 1,085 1,200 1, 120 $4,365 For the entire year, the company sells 111 units of inventory for $40 each. 3. Using weighted average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Average Cost Ending Inventory - Weighted Average Cost Weighted Average Cost Average Cost of Goods # of units Cost per Available for unit Sale # of units Sold Average Cost per Unit Cost of # of units Goods Sold in Ending Inventory Average Cost per unit Ending Inventory 30 $ 960 35 1,085 Beginning Inventory Purchases: Mar. 4 Jun.9 Nov. 11 Total 40 1200 1,120 40 145 $ 4,365 Sales revenue Groee nrofit CP
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