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Take me to the text Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all
Take me to the text Drago Company has a fiscal year end on December 31. The company has only one product in inventory, and all units of that product are identical (homogenous). The opening balance unit price is $18 per unit. Complete the following schedule to calculate the value of ending inventory using the weighted average cost method under the perpetual inventory system. Then calculate the cost of goods sold for the year 2018. Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places Date Purchases Sales Balance Quantity Cost Quantity Cost Quantity Value 1800 Jan 1 100 $ Feb 19 12 $19.00 112 $ Mar 30 10 $21.00 122 $ $ Aprs 28 $18.34 94 Contact $ Jul 14 24 $23.00 118 $ Sep 8 22 $19.29 96 $ Nov 30 24 $19.29 72 Required Calculate the cost of goods sold. Cost of Goods Sold = $
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