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Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 34 54 44 49 Cost per unit $4 7 8 9
Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 34 54 44 49 Cost per unit $4 7 8 9 Total $ 136 378 352 441 $ 1,307 181 a. Calculate the cost of ending Inventory using the weighted-average method (ending Inventory shows 55 units). (Round the "average unit cost" and final answer to the nearest cent.) Cost of ending inventory b. Calculate the cost of goods sold using the weighted average method. (Round your Intermediate calculations and final answer to the nearest cent.) Cost of goods sold
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