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Given the following: Number purchased Cost per unit Total January 1 inventory 47 $ 5 $ 235 April 1 67 8 536 June 1 57
Given the following: Number purchased Cost per unit Total January 1 inventory 47 $ 5 $ 235 April 1 67 8 536 June 1 57 9 513 November 1 62 10 620 233 $ 1,904 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 68 units). (Do not round intermediate calculations. Round your final answer to the nearest cent.) b. Calculate the cost of goods sold using the weighted-average method. (Use your rounded answer from Part a. Round your final answer to the nearest cent.)
Given the following: a. Calculate the cost of ending Inventory using the welghted-average method (ending inventory shows 68 units). (Do not round Intermediate calculations. Round your final answer to the nearest cent.) b. Calculate the cost of goods sold using the welghted-average method. (Use your rounded answer from Part a. Round your final answer to the nearest cent.)Step by Step Solution
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