Jung company has the inventory records as shown below. Compute the cost of inventory using the weighted average method-periodic steeam *

2 points

2 points

Cost per unit $13.00 $14.00 $15.00 $16.00 Total Cost $1300 $1120 $4500 $4000 Date Purchase Number of units Jan 1 beginning 100 March 14 purchase 80 July 30 purchase 300 October 4 purchase 250 Units available 1105 Cost of Goods The company makes sales in the following dates Date Sale Jan 10 March 15 sale Oct 15 sale Total $10920 sale Number of units 60 units 40 units 100 units 200 units Cost per unit $13.00 $14.00 $15.00 $16.00 Total Cost $1300 $1120 $4500 $4000 Date Purchase Number of units Jan 1 beginning 100 March 14 purchase 80 July 30 purchase 300 October 4 purchase 250 Units available 1105 Cost of Goods The company makes sales in the following dates Date Sale Jan 10 March 15 sale Oct 15 sale Total $10920 sale Number of units 60 units 40 units 100 units 200 units