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In its first month of operations, Carla Vista Co. made three purchases of merchandise in the following sequence: 200 units at $ 14; 250 units
In its first month of operations, Carla Vista Co. made three purchases of merchandise in the following sequence: 200 units at $ 14; 250 units at $ 13; and 300 units at $ 12. There are 480 units on hand at the end of the period. Carla Vista uses a periodic inventory system. (a) Your answer is partially correct. Calculate the cost of the ending inventory and cost of goods sold under FIFO. FIFO Ending inventory $ 5,940 Cost of goods sold $ 3,150 Calculate the cost of the ending inventory and cost of goods sold under weighted average. (Round weighted average cost per unit to two decimals places eg. 52.75 and final answers to decimal places eg. 5,275) Weighted average $ Ending inventory Cost of goods sold $ e Textbook and Media
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