Business
Business, 05.03.2020 06:08, raishagibson

During 2021, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2021:

Date Transaction Number of Units Unit Cost Total Cost
Jan.1 Beginning inventory 20 $50 $1,000
Sep.8 Purchase 10 70 700
30 $1,700

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.)

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Answers: 3

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During 2021, a company sells 25 units of inventory. The company has the following inventory purchase...

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