16 TB EX Qu. 6-208 During 2021, a company sells... 0.5 points During 2021, a...

50.1K

Verified Solution

Question

Accounting

image
16 TB EX Qu. 6-208 During 2021, a company sells... 0.5 points During 2021, a company sells 500 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 beginning inventory May 5 Purehase Nov.) Purchase Number o Unito 76 261 185 522 Unit Coat Total Cost $72 $ 5,472 73 19,053 75 13,875 $38,400 Calculate cost of goods sold and ending inventory for 2021 assuming the company uses the weighted-average cost method. (Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount.) Answer is complete but not entirely correct. Cost of goods sold Ending inventory $ $ 1,584 36,816

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students