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During 2021, a company sells 480 units of inventory for $95 each. The company has the following inventory purchase transactions for 2021: Unit Date Transaction
During 2021, a company sells 480 units of inventory for $95 each. The company has the following inventory purchase transactions for 2021: Unit Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 71 264 188 523 Cost Total Cost $73 $ 5,183 74 19,536 76 14,288 $39,007 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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