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Calculate cost of goods sold and ending inventory for march

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Question - Pink company uses the periodic inventory system. The company's beginning inventory and inventory purchases during March 2021 were as below

Mar 01: Beginning inventory, 125 units @ $3 per unit.

Mar 9: Inventory purchased, 195 units @ $5 per unit.

Mar 22: Inventory purchased, 210 units @ $8 per unit.

During March Pink company sold 180 units.

Calculate cost of goods sold and ending inventory for March 2020 using the Weighted Average cost method only.

Reference no: EM132979478

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