need help this questions TechMax Electronics had the following inventory purchases:•Beginning inventory: 200 units @ $30 per unitPurchased 300 units @ $35 per unitPurchased 500 units @ $40 per unitIf 600 units are sold, calculate the cost of goods sold (COGS) using the weightedaverage method.

Step 1: Definition of Weighted Average Cost Method and Cost of Goods Sold (COGS)The weighted average…

Answered: TechMax Electronics had the following…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter13: Accounting For Merchandise Inventory

Section: Chapter Questions

Problem 3CE: Use the following information to compute cost of goods sold under the FIFO and LIFO inventory...

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TechMax Electronics had the following inventory purchases: • Beginning inventory: 200 units @ $30 per unit Purchased 300 units @ $35 per unit Purchased 500 units @ $40 per unit If 600 units are sold, calculate the cost of goods sold (COGS) using the weighted average method.