Question
TB EX Qu. 6-208 During 2021, a company sells... During 2021, a company sells 490 units of inventory for $88 each. The company has
TB EX Qu. 6-208 During 2021, a company sells... During 2021, a company sells 490 units of inventory for $88 each. The company has the following inventory purchase transactions for 2021: Date Transaction Number of Units Unit Cost Total Cost k Jan. 1 Beginning inventory 71 $76 $ 5,396 May 5 Purchase 263 77 20,251 Nov. 3 Purchase 185 519 79 14,615 $40,262 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Cost of goods sold Ending inventory
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