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During 2024, a company sells 490 units of inventory for $93 each. The company has the following inventory purchase transactions for 2024: Number of
During 2024, a company sells 490 units of inventory for $93 each. The company has the following inventory purchase transactions for 2024: Number of Unit Date Transaction Units Cost Total Cost January 1 May 5 November 3 Beginning inventory 79 $76 $6,004 Purchase Purchase 265 77 20,405 184 79 528 14,536 $40,945 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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