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Sandhill Company uses a perpetual inventory system. The company began 2024 with 1,200 lamps in inventory at a cost of $13 per unit. During 2024,
Sandhill Company uses a perpetual inventory system. The company began 2024 with 1,200 lamps in inventory at a cost of $13 per unit. During 2024, Sandhill had the following purchases and sales of lamps: February 15 April 24 June 6 October 18 December 4 Purchased (a) Sold Purchased Sold Purchased All purchases and sales are on account. 2,400 units @ $19 per unit 3,000 units @ $31 per unit 4,200 units @ $24 per unit 2,400 units @ $34 per unit 1,680 units @ $27 per unit Calculate the cost of goods sold and ending inventory using weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 5.27 and final answers to O decimal places, e.g. 5,275.) Cost of goods sold Weighted Average
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