Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. Beginning inventory July 1 purchase October 9 purchase Goods available for sale # of units purchased 170 540 380 1,090 Cost per unit $2.80 $3.30 $3.65 Total cost $476 1,782 1,387 $3,645

Given the purchases below and ending inventory of 630, determine the cost of goods sold using the weighted-average method. Beginning inventory July 1 purchase October 9 purchase Goods available for sale # of units purchased 170 540 380 1,090 Cost per unit $2.80 $3.30 $3.65 Total cost $476 1,782 1,387 $3,645

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 4PEA: Beginning inventory, purchases, and sales for Meta-B1 are as follows: Assuming a perpetual inventory...

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