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Home Vepot had a beginning inventory on January 1 of 400 cans of paint at a cost of $13 per can. During the year, the
Home Vepot had a beginning inventory on January 1 of 400 cans of paint at a cost of $13 per can. During the year, the following transactions occurred: Can Cost 10-Feb Purchase 800 15 20-Mar Sale 600 30-Oct Purchase 200 $17 15-Nov Sale 500 Required: Determine ending inventory and COGS using the Weighted Average cost method. Home Vepot uses a perpetual inventory system. Please show calculations for full marks. Round calculations to 2 decimal places
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