Units Cost per Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory table below. Total Retail price Total retail Date of purchase purchased unit cost per unit value Beginning inventory 97 $12 $1,164 $17 $1,649 February 5 21 $9 $189 $13 $273 February 19 18 $11 $198 $18 $324 March 3 35 $13 $455 $21 $735 Goods available for sale 171 $2,006 $2,981 Units sold 89 Ending inventory 82 (Round to the nearest cent as needed.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A2 please help.....

Units
Cost per
Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory table below.
Total
Retail price Total retail
Date of purchase
purchased
unit
cost
per unit
value
Beginning inventory
97
$12
$1,164
$17
$1,649
February 5
21
$9
$189
$13
$273
February 19
18
$11
$198
$18
$324
March 3
35
$13
$455
$21
$735
Goods available for
sale
171
$2,006
$2,981
Units sold
89
Ending inventory
82
(Round to the nearest cent as needed.)
Transcribed Image Text:Units Cost per Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory table below. Total Retail price Total retail Date of purchase purchased unit cost per unit value Beginning inventory 97 $12 $1,164 $17 $1,649 February 5 21 $9 $189 $13 $273 February 19 18 $11 $198 $18 $324 March 3 35 $13 $455 $21 $735 Goods available for sale 171 $2,006 $2,981 Units sold 89 Ending inventory 82 (Round to the nearest cent as needed.)
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