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Please help with this question, thank you in advance! During 2021, a company sells 25 units of inventory. The company has the following inventory purchase
Please help with this question, thank you in advance!
During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021 Number Unit Total Date Transaction of Units Cost Cost Jan. 1 Beginning inventory 20 $50 $1,000 Sep. 8 Purchase 10 58 580 30 $1,580 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses the weighted average cost method (Round weighted average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Ending inventory Cost of goods sold Step by Step Solution
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