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During 2021, a company sells 500 units of inventory for $90 each. The company has the following inventory purchase transactions for 2021 Date Jan, 1
During 2021, a company sells 500 units of inventory for $90 each. The company has the following inventory purchase transactions for 2021 Date Jan, 1 May 5 Nov. 3 Transaction Beginning inventory Purchase Purchase Dumber or Unite 80 270 190 540 Unit Total Cost Cost $ 79 $6.320 20 21.600 02150 $43,500 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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