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Posted on Jul 24, 2024

Montana Great Outdoors had the following inventory in fiscal 2012. The company uses the Weighted Average method of accounting for inventory. Beginning Inventory, August 1,

Montana Great Outdoors had the following inventory in fiscal 2012. The company uses the Weighted Average method of accounting for inventory.

Beginning Inventory, August 1, 2011: 140 units @ $19.50 Purchase 300 units @ $19.00 Purchase 50 units @ $20.00 Purchase 120 units @ $20.30 Ending Inventory, July 31, 2012: 130 units

The company's cost of goods sold for fiscal 2012 is:

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