Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted-average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.) 1/1 3/5 Beginning inventory Purchases 4/15 Sale 5/30 Purchases 10/25 Purchases 11/15 Sale 12/31 Ending inventory $280 $600 $200 $230 50 units at $10 per unit 30 units at $14 per unit 20 units at $30 per unit 25 units at $15 per unit 20 units at $16 per unit 60 units at $32 per unit 45 units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given the following data, calculate the cost of goods sold for the 04/15 sale using
the weighted-average method for a perpetual inventory system, rounding to the
nearest dollar. (Do not round in the process of your calculations, only round your
final answer.)
1/1
3/5
Beginning
inventory
Purchases
4/15 Sale
5/30 Purchases
10/25 Purchases
11/15 Sale
12/31
Ending
inventory
O $280
O $600
$200
$230
50 units at $10
per unit
30 units at $14
per unit
20 units at $30
per unit
25 units at $15
per unit
20 units at $16
per unit
60 units at $32
per unit
45 units
Transcribed Image Text:Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted-average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.) 1/1 3/5 Beginning inventory Purchases 4/15 Sale 5/30 Purchases 10/25 Purchases 11/15 Sale 12/31 Ending inventory O $280 O $600 $200 $230 50 units at $10 per unit 30 units at $14 per unit 20 units at $30 per unit 25 units at $15 per unit 20 units at $16 per unit 60 units at $32 per unit 45 units
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