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Weaver Corp. has the following inventory information available for the month of March: Date Number of Units Cost per unit March 1 Beginning Inventory 20
Weaver Corp. has the following inventory information available for the month of March:
Date | Number of Units | Cost per unit | |
March 1 | Beginning Inventory | 20 | $20.00 |
March 10 | Purchases | 30 | $25.00 |
Weaver sold 40 units in March.
Question: What is the total cost of goods sold for March using the average-cost cost method? Round average cost per unit to the nearest penny before computing total cost of goods sold.
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