Required Information In its first month of operations. Literacy for the literate opened a new...
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Required Information In its first month of operations. Literacy for the literate opened a new bookstore and bought merchandise in the following order (1) 400 units at $6 on January 1, (2) 600 units at 57 on January 8, and (3) 920 units at $8 on January 29. Assume 1120 units are on hand at the end of the month Calculate the cost of goods available for sale, cost of goods cold, and ending Inventory under the weighted average cost flow assumptions. Assume perpetual inventory system and sold 800 units between January 9 and January 28, (Round your intermediate calculations to 2 decimal places.) Weighted Average Cout Goods Available for Sale Cost of Goods Sold Ending inventory
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