Calculate the cost of goods sold and the cost of the ending


Calculate cost of goods sold and ending inventory: weighted average cost. (LO 3). Calculate the cost of goods sold and the cost of the ending inventory using the weighted average cost flow assumption. Assume periodic record keeping.

Sales 100 units at $15 per unit
Beginning inventory 90 units at $6 per unit
Purchases 60 units at $9 per unit

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Calculate the cost of goods sold and the cost of the ending
Reference No:- TGS02542300

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)