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Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. # of units purchased Cost per
Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method.
| # of units purchased | Cost per unit | Total cost |
---|---|---|---|
Beginning inventory | 170 | $2.80 | $476 |
July 1 purchase | 540 | $3.30 | 1,782 |
October 9 purchase | 380 | $3.65 | 1,387 |
Goods available for sale | 1,090 |
| $3,645 |
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