weighted average cost

Required information M7-11 to 13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] [The following information applies to the questions displayed below.) In its first month of operations, Literacy for the illiterate opened a new bookstore and bought merchandise in the following order. (1) 440 units at $7 on January 1. (2) 650 units at $8 on January 8, and (3) 950 units at $9 on January 29. M7-13 Calculating Cost of Goods Available for Sale, Cost of Goods Sold, and Ending Inventory under Periodic Weighted Average Cost [LO 7-3] Assume 1.200 units are on hand at the end of the month, calcula the cost of goods available for sale, ending inventory, and cost of goods sold under the weighted average cost flow assumptions. Assume a periodic inventory system is used. (Round "Cost per Unit to 2 decimal places.) Weighted Average Cost $ 16,830 Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold