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During 2024, a company sells 480 units of inventory for $86 each. The company has the following inventory purchase transactions for 2024: Number of
During 2024, a company sells 480 units of inventory for $86 each. The company has the following inventory purchase transactions for 2024: Number of Unit Date January 1 May 5 November 3 Transaction Beginning inventory Purchase Purchase Units Cost Total Cost 73 $74 $5,402 268 75 20,100 183 77 524 14,091 $39,593 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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