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During 2021, a company sells 480 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Number of Units
During 2021, a company sells 480 units of inventory for $92 each. The company has the following inventory purchase transactions for 2021: Number of Units 78 Date Transaction Jan.1 Beginning inventory May 5 Purchase Nov.3 Purchase Unit Cost $72 73 75 263 188 Total Cost $ 5,616 19,199 14,100 $38,915 529 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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