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During 2021, a company sells 490 units of inventory for $93 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.
During 2021, a company sells 490 units of inventory for $93 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 Unit Cost Total Cost 78 $74 $ 5,772 265 75 19,875 188 531 77 14,476 $40,123) 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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