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TB EX Qu. 6-214 (Algo) During 2024, a company sells... During 2024, a company sells 460 units of inventory for $92 each. The company
TB EX Qu. 6-214 (Algo) During 2024, a company sells... During 2024, a company sells 460 units of inventory for $92 each. The company has the following inventory purchase transactions for 2024: Number of Unit Date January 1 May 5 Transaction Beginning inventory Purchase Units 77 Cost $77 Total Cost $5,929 269 78 20,982 November 3 Purchase 190 80 536 15,200 $42,111 Calculate cost of goods sold and ending inventory for 2024 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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