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  3. company z had the beginning inventory of 500 units

Company Z had the beginning inventory of 500 units at $15 each. On February 1,...

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Accounting

Company Z had the beginning inventory of 500 units at $15 each. On February 1, they purchased an additional 800 units at $18 each. On March 15, they sold 1000 units at $50 each. On June 1, they purchased another 600 units at $20 each. Lastly, on August 15, they sold another 500 units at $55 each. Calculate the companys cost of goods sold using average cost. Assume the company uses the periodic method

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