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Calculate cost of goods sold and ending inventory

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Question - Kitty company uses the periodic inventory system The company's beginning inventory and inventory purchases during Dec 2021 were as below:

Dec 01: Beginning inventory, 85 units @ $4 per unit.

Dec 9: Inventory purchased, 192 units @ $5 per unit.

Dec 22: Inventory purchased, 160 units @ $7 per unit.

During Dec, Kitty company sold 268 units. Calculate cost of goods sold and ending inventory for Dec 2021 using the Weighted Average cost method only.

Reference no: EM133121583

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