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During 2015, a company sells 460 units of inventory for $91 each. The company has the following inventory purchase transactions for 2015: Date Transaction Number
During 2015, a company sells 460 units of inventory for $91 each. The company has the following inventory purchase transactions for 2015:
Date | Transaction | Number of Units | Unit Cost | Total Cost | ||||||
Jan. 1 | Beginning inventory | 79 | $ | 73 | $ | 5,767 | ||||
May 5 | Purchase | 264 | 74 | 19,536 | ||||||
Nov. 3 | Purchase | 182 | 76 | 13,832 | ||||||
525 | $ | 39,135 | ||||||||
Calculate cost of goods sold and ending inventory 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. Omit the "$" sign in your response.) |
Cost of goods sold | $ |
Ending inventory | $ |
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