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John started business in 2018 and uses the weighted average cost method. During 2018, he purchased 90,000 units of inventory at 20 each and sold
John started business in 2018 and uses the weighted average cost method. During 2018, he purchased 90,000 units of inventory at 20 each and sold 80,000 units for 40 each. In 2019, he purchased another 100,000 units at 22 each and sold 90,000 units for 44 each. His 2019 cost of sales ( thousands) was closest to
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