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Please show working. Thank you Date Activity Units Purchase Price (per unit) Sale Price (per unit) Oct 01 Beg. inventory 800 $30 Oct 05 Sale
Please show working. Thank you
Date | Activity | Units | Purchase Price (per unit) | Sale Price (per unit) |
Oct 01 | Beg. inventory | 800 | $30 | |
Oct 05 | Sale 1 | 500 | $60 | |
Oct 15 | Purchase 1 | 1,500 | $35 | |
Oct 21 | Sale 2 | 1,000 | $65 | |
Oct 23 | Purchase 2 | 700 | $40 | |
Oct 29 | Sale 3 | 800 | $70 |
Using the Weighted Average inventory method, calculate the total cost of goods sold for the month.
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