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Calculate the cost of goods sold for the sale

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Reference no: EM133002050

Problem 1: Given the following data, calculate the cost of goods sold for the 11/15 sale using the weighted average method for a perpetual inventory system, rounding to the nearest dollar

1/1 beginning inventory 50 units at $10 per unit
3/5 purchases 30 units at $ 14 per unit
4/15 Sale 20 units at $30 per unit
5/30 Purchase 50 units at $15 per unit
11/15 60 units at $32 per unit
12/31 ending inventory 50 units

Reference no: EM133002050

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