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During 2015, a company sells 500 units of inventory for $86 each. The company has the following inventory purchase transactions for 2015: Ending Inventory= Costs

During 2015, a company sells 500 units of inventory for $86 each. The company has the following inventory purchase transactions for 2015:

Ending Inventory=

Costs of goods sold=

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 73 $ 74 $ 5,402
May 5 Purchase 267 75 20,025
Nov. 3 Purchase 182 77 14,014
522 $ 39,441

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