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During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.1 Beginning inventory Sep.8
During 2021, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.1 Beginning inventory Sep.8 Purchase Number of Units 15 10 25 Unit Cost $ 55 105 Total Cost $ 825 1,050 $1,875 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) $ $ 525 Ending inventory Cost of goods sold
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