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solve weighted average Wildhorse Co.uses a perpetual inventory system and reports the following inventory transactions for the month of July: Units 150 Unit Cost $11.00

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solve weighted average

Wildhorse Co.uses a perpetual inventory system and reports the following inventory transactions for the month of July: Units 150 Unit Cost $11.00 12.00 Total Cost $1,650.00 2,760.00 230 July 1 Inventory 12 Purchases 20 Sale 28 Purchases (250) 490 14.00 6,860.00 Your answer is partially correct. Calculate the cost of goods sold and ending inventory under (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to two decim places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.) FIFO Weighted average Cost of goods sold $ 2850 $ Ending inventory $ 8420 $ e Textbook and Media

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