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Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average.
Required 1 Required 2 Required 3 Required 4 Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.) Weighted Average - Perpetual: Goods Purchased Cost of Goods Sold Inventory Balance # of Date # of units Cost per unit units Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance sold January 1 180 @ $10.50 = $1,890.00 January 10 140 @ $ 19.50 = $ 2,730.00 50 @ $ 10.50 = $ 525.00 January 20 110 @$9.50 50 @ $ 10.50 = $ 525.00 110 @ $ 9.50 = Average cost 160 @ $ 9.20 1,045.00 $ 1,570.00 January 25 130 @ $ 19.50 = $ 2,535.00 20 @ $ 9.20= $ 184.00 January 30 260 @ $9.00 20 @ Totals $ 5,265.00 $ 9.20 = 260 @ $ 9.00 = 280 @ $ 18.20 $ 184.00 2,340.00 $ 2,524.00
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