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You are given the following information for Wildhorse Company for the month ended November 30, 2017: Date Description Units Unit Price Nov. 1 Beginning inventory
You are given the following information for Wildhorse Company for the month ended November 30, 2017:
Date | Description | Units | Unit Price | |||||||
Nov. 1 | Beginning inventory | 56 | $51 | |||||||
9 | Purchase | 110 | 44 | |||||||
15 | Sale | (115 | ) | |||||||
22 | Purchase | 145 | 44 | |||||||
29 | Sale | (160 | ) | |||||||
30 | Purchase | 43 | 44 |
Wildhorse Company uses a perpetual inventory system. All sales and purchases are on account.
Calculate the cost of goods sold and the ending inventory using weighted average. (Round the weighted average cost per unit to two decimal places, e.g. 5.27 and final answers to 2 decimal places, e.g. 5,275.75.)
Cost of goods sold ?
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