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Given the following: Number purchased Cost per unit Total January 1 inventory 49 $ 4 $ 196 April 1 69 7 483 June 1 59
Given the following:
| Number purchased | Cost per unit | Total | |||
January 1 inventory | 49 | $ | 4 |
| $ | 196 |
April 1 | 69 |
| 7 |
|
| 483 |
June 1 | 59 |
| 8 |
|
| 472 |
November 1 | 64 |
| 9 |
|
| 576 |
| 241 |
|
|
| $ | 1,727 |
a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 70 units). (Round the "average unit cost" and final answer to the nearest cent.)
b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to the nearest cent.)
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