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Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases: September 8 450
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand.
Brief Exercise 177 Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost 100 $3.34 Inventory, September 1 Purchases: September 8 September 18 450 3.50 350 3.70 A physical inventory on September 30 shows 200 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a periodic inventory system. (Round cost per unit to 2 decimal places and ending inventory and cost of goods sold to the nearest dollar.) Ending inventory Cost of goods sold Click if you would like to Show Work for this question: Open Show Work LINK TO TEXTStep by Step Solution
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