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During 2024, a company sells 460 units of inventory for $90 each. The company has the following inventory purchase transactions for 2024: Number of
During 2024, a company sells 460 units of inventory for $90 each. The company has the following inventory purchase transactions for 2024: Number of Unit Date January 1 May 5 Transaction Beginning inventory Units Cost Total Cost 75 $70 $5,250 Purchase 261 71 18,531 November 3 Purchase 187 73 523 13,651 $37,432 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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