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Swifty Corporation opened a new store on January 1, 2024. During 2024, the first year of operations, the following purchases and sales of inventory were
Swifty Corporation opened a new store on January 1, 2024. During 2024, the first year of operations, the following purchases and sales of inventory were made: Purchases Sales Date Units Cost per unit Date Units Price per unit Jan. 5 11 $1.000 July A 4 13 $2,100 June 11 11 1.240 Dec. 29 34 2.100 Oct. 18 16 1.340 Dec. 20 18 1.490 Assume Swifty uses weighted average periodic. Calculate the cost of ending inventory, cost of goods sold, and gross profit. (Round the weighted average cost per unit to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 5,275.) Ending inventory Cost of goods sold Gross profit
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