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During 2015, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2015: Date Transaction Number of Units Unit
During 2015, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2015:
Date Transaction Number of Units Unit Cost Total Cost
Jan. 1 Beginning inventory 20 $55 $1,100
Sep. 8 Purchase 10 60 600
30 $1,700
Calculate ending inventory and cost of goods sold for 2015 assuming the company uses weighted-average cost with a periodic inventory system.(Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.)
ending inventory?
cost of goods sold?
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