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From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending in Is 58 units. (Round your intermediate calculations and final answers to the nearest cent.) Beginning inventory and purchases January 1 April 10 Hay 15 July 22 August 19 September 30 November 10 Decenber 15 Units Unit cost $1.60 13 14 19 19 33 2.10 2.60 2.85 3.60 3.80 4.00 15 4.40

From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending in Is 58 units. (Round your intermediate calculations and final answers to the nearest cent.) Beginning inventory and purchases January 1 April 10 Hay 15 July 22 August 19 September 30 November 10 Decenber 15 Units Unit cost $1.60 13 14 19 19 33 2.10 2.60 2.85 3.60 3.80 4.00 15 4.40

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory Is 58 units. (Round your intermediate calculations and final answers to the nearest cent.) Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 September 30 November 10 Units Unit cost 6 $1.60 2.10 2.60 13 2.85 3.60 14 19 3.80 4.00 4.40 19 33 Decenber 15 15 Answer is complete but not entirely correct. Cost of ending inventory Cont of goods sold 199 52 240 80
Transcribed Image Text:From the following, calculate the cost of ending inventory and cost of goods sold for the weighted-average method, ending inventory Is 58 units. (Round your intermediate calculations and final answers to the nearest cent.) Beginning inventory and purchases January 1 April 10 May 15 July 22 August 19 September 30 November 10 Units Unit cost 6 $1.60 2.10 2.60 13 2.85 3.60 14 19 3.80 4.00 4.40 19 33 Decenber 15 15 Answer is complete but not entirely correct. Cost of ending inventory Cont of goods sold 199 52 240 80
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