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Determine the cost assigned to ending inventory

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Reference no: EM132485432

Laker Company reported the following January purchases and sales data for its only product.

Date ActivitiesUnits Acquired at CostUnits sold at Retail

Jan.1 Beginning i..s@$14.00 =$3,010

Jan.10 Sales 165units@$..s@$13.00 = 2,080

Jan.25 Sales 190units@$..s@$12.50= 4,125

Totals705units $9,215 355units

Question 1: Determine the cost assigned to ending inventory and to cost of goods sold using weighted average. (Round cost per unit to 2 decimal places.)

Reference no: EM132485432

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