Question
DEF Company has the following inventory transactions: Date Units Purchased Cost per Unit Jan 1 100 $10 Jan 10 200 $12 Jan 20 150 $15
DEF Company has the following inventory transactions:
Date Units Purchased Cost per Unit Jan 1 100 $10 Jan 10 200 $12 Jan 20 150 $15 Calculate the cost of goods sold and ending inventory using the weighted average cost method.
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Financial and managerial accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
1st edition
111800423X, 9781118233443, 1118016114, 9781118004234, 1118233441, 978-1118016114
