During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Date Transaction of Units Cost Total Cost Jan. 1 Beginning inventory Sep. 8 Purchase 20 $50 $1,000 10 78 780 30 $1,780 Calculate ending inventory and cost of goods sold 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.) Ending inventory Cost of goods sold

During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021: Number Unit Date Transaction of Units Cost Total Cost Jan. 1 Beginning inventory Sep. 8 Purchase 20 $50 $1,000 10 78 780 30 $1,780 Calculate ending inventory and cost of goods sold 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.) Ending inventory Cost of goods sold

Name: TB EX Qu. 6-205 During 2021, a company sells...During 2021, a company
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Description: TB EX Qu. 6-205 During 2021, a company sells...During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021:NumberUnitDateTransactionof UnitsCostTotal CostJan. 1 Beginning inventorySep. 8

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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