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During 2018, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2018: Unit Cost $ 50 56 un
During 2018, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2018: Unit Cost $ 50 56 un Total Cost $ 1,000 Date Jan. 1 Sep. 8 Transaction Beginning inventory Purchase Units 20 10 560 $ 1.560 30 Calculate ending inventory and cost of goods sold for 2018 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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