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From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory is 49 units. (Round your
From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory is 49 units. (Round your intermediate calculations and final answers to the nearest cent.)
Beginning inventory and purchases | Units | Unit cost | |||
January 1 | 5 | $ | 2.00 | ||
April 10 | 10 | 2.50 | |||
May 15 | 12 | 3.00 | |||
July 22 | 15 | 3.25 | |||
August 19 | 18 | 4.00 | |||
September 30 | 20 | 4.20 | |||
November 10 | 32 | 4.40 | |||
December 15 | 16 | 4.80 | |||
Cost of ending inventory | $ |
Cost of goods sold | $ |
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