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The following transactions occurred for the month of May. Units Cost Total Sales Price Date 16 $1,200 1-May Beginning Balance 75 2-May Purchase 3-May Purchase
The following transactions occurred for the month of May. Units Cost Total Sales Price Date 16 $1,200 1-May Beginning Balance 75 2-May Purchase 3-May Purchase $660 60 11 14 $1,190 85 $30 105 10-ay Sale 15-May Purchase 17-May Sale 30-May Sale 18 $540 30 $30 40 $30 100 Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under Weighted Averages. Do not round the unit cost. Do round total costs to the nearest cent on each transaction. End of the month totals Cost of Goods Sold $ $ Ending Inventory Gross Profit $ Get help: Video License Points possible: 15 Unlimited attempts
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