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Given the following: Number purchased Cost per unit Total January 1 inventory 55 $ 4 $ 220 April 1 75 7 525 June 1 65
Given the following:
Number purchased Cost per unit Total
January 1 inventory 55 $ 4 $ 220
April 1 75 7 525
June 1 65 8 520
November 1 70 9 630
total number purchased 265
Total $ 1,895
a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 76 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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