Question
During 2024, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2024: Date January 1 September 8
During 2024, a company sells 20 units of inventory. The company has the following inventory purchase transactions for 2024: Date January 1 September 8 Transaction Beginning inventory Purchase Number of Total Units 15 Unit Cost $55 Cost $825 10 87 25 870 $1,695 Calculate ending inventory and cost of goods sold for 2024 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.) Ending inventory Cost of goods sold
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Authors: Heintz and Parry
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