Question
It states that I have the weighted mean wrong in this problem which is C. Can you help with the weighted mean. It may be
It states that I have the weighted mean wrong in this problem which is "C". Can you help with the weighted mean. It may be a rounding issue. Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 160 units at $50 per unit. During the year, Cortez made two batch purchases of this chair. The first was a 255-unit purchase at $55 per unit; the second was a 395-unit purchase at $57 per unit. During the period, it sold 485 chairs. Required Determine the amount of product costs that would be allocated to cost of goods sold and ending inventory, assuming that Cortez uses FIFO. LIFO. Weighted average. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)
This is what I have:
485*54.72=26539
325*54.72=17784
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