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Please Provide an explanation as well. Any help is greatly appreciated! ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch

Please Provide an explanation as well. Any help is greatly appreciated!image text in transcribed

ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch 6] Spr 2020 Score: 0 of 5 pts 3 of 14 (0 complete) Instructor-created question Assume that a company uses the weighted average inventory costing method and a perpetual inventory system. Assume also a sales price to customers of $105 per unit. Company records indicate the following for the month: (Click the icon to view the records.) For calculations round per unit costs to the nearest cent and all other amounts to the nearest whole dollar. 1 Data Table - X Calculate the cost of ending inventory. The cost of ending inventory using the weighted average inventory costing method is $ L Date Item Quantity 20 Unit Cost $ 70 Calculate cost of goods sold for the month. Jun. 1 Balance 6 Sale The cost of goods sold using the weighted average inventory costing method is $ Purchase 0 Sale 30 Sale Print Done

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