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During 2021, a company sells 490 units of inventory for $90 each. The company has the following inventory purchase transactions for 2021: Date Transaction Jan.
During 2021, a company sells 490 units of inventory for $90 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 Unito 73 261 189 523 Unit Cost Total Cost $74 $ 5,402 75 19,575 77 14,553 $39,530 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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