INVENTORY COSTING THE WEIGHTED-AVG. & MOVING-AVG. METHODS

2. CommerceCo. provides you with the following information: December 31, 20X8 Ending inventory of 600 units s 8,800 January 28, 20X9 Purchase of 700 units @ $23 16,100 January 28, 20x9 Freight for purchase 500 October 5, 20X9 Purchase of 900 units a $25 22,500 October 9, 20x9 Return of 200 units @ $25 5,000 On December 31, 20X9, there are 1,200 units on hand. Using the weighted average method, what is cost of goods sold on CommerceCo's 20X9 income statement