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During 2021, a company sells 490 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.
During 2021, a company sells 490 units of inventory for $91 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 71 268 187 S26 Unit Cost $78 79 81 Total Cost $ 5,538 21,172 15,147 $41,857 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted average cost method. (Round weighted-everage 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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