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During 2015, a company sells 490 units of inventory for $90 each. The company has the following inventory purchase transactions for 2015: Cost of goods

During 2015, a company sells 490 units of inventory for $90 each. The company has the following inventory purchase transactions for 2015:

Cost of goods sold=

Ending Inventory=

Calculate cost of goods sold and ending inventory 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 74 $ 78 $ 5,772
May 5 Purchase 269 79 21,251
Nov. 3 Purchase 186 81 15,066
529 $ 42,089

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