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During 2024, a company sells 460 units of inventory for $93 each. The company has the following inventory purchase transactions for 2024: Date January
During 2024, a company sells 460 units of inventory for $93 each. The company has the following inventory purchase transactions for 2024: Date January 1 May 5 Transaction Beginning inventory Number of Unite Unit Cost Total Cost 73 $70 $5,110 Purchase 265 71 18,815 November 3 Purchase 187 73 13,651 525 $37,576 Calculate cost of goods sold and ending inventory 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.) Cost of goods sold Ending inventory
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