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During 2021, a company sells 470 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.
During 2021, a company sells 470 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov.3 Purchase Number of Units 70 268 180 Unit Cost $71 72 74 Total Cost $ 4,970 19,296 13,320 $37,586 518 Calculate cost of goods sold and ending inventory 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.) Cost of goods sold Ending inventory
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