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During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021 Dato Transaction Jan. 1 Beginning inventory
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021 Dato Transaction Jan. 1 Beginning inventory Sep.8 Purchase Number Unit of Units Cont 20 10 58 30 $50 Total Cost $1,000 580 $1,580 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.) Ending inventory Cost of goods sold
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