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During 2024, a company sells 480 units of inventory for $93 each. The company has the following inventory purchase transactions for 2024: Date January 1
During 2024, a company sells 480 units of inventory for $93 each. The company has the following inventory purchase transactions for 2024: Date January 1 May 5 November 3 Transaction Beginning inventory Purchase Purchase Number of Units 76 266 189 531 Unit Cost Total Cost $80 81 83 $6,080 21,546 15,687 $43,313 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.)
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