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During 2015, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2015: Ending Inventory= Cost of goods sold=

During 2015, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2015:

Ending Inventory=

Cost of goods sold=

Calculate ending inventory and cost of goods sold for 2015 assuming the company uses weighted-average cost with a periodic inventory system.

Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 20 $ 55 $ 1,100
Sep. 8 Purchase 10 34 340
30 $ 1,440

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