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During 2021, a company sells 470 units of inventory for $89 each. The company has the following inventory purchase transactions for 2021: Number of Units
During 2021, a company sells 470 units of inventory for $89 each. The company has the following inventory purchase transactions for 2021: Number of Units Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Unit Cost $71 72 74 262 Total Cost $ 5,325 18,864 13,838 $38,027 187 WIN 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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