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SBA Inc. use wood (raw material) for its production line #2. Its beginning inventory on January 1st, 2020, is 300 units purchased at $200. SBA
SBA Inc. use wood (raw material) for its production line #2. Its beginning inventory on January 1st, 2020, is 300 units purchased at $200. SBA Inc. has purchased during 2020 the following items: February 1st: 450 units at $150 per unit July 1st: 190 units at $175 per unit December 1st: 135 units at $200 per unit SBA Inc. has sold during 2020 the following items: April 1: 275 units October 1: 500 units Required: Using the Weighted average cost method (After each entry), what will be the total amount of COGS until October 1st, 2020
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