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Determine the dollar value of cost of goods sold for month

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Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date             Activity                            Quantity            Unit Price
5/1           Beginning Inventory           140                       $11
5/5               Purchase                        120                    $13
5/15                Purchase                    260                     $15
5/25               Purchase                      440                     $17

Problem 1: Sales were 470 units at $25. Using the Weighted Average method, determine the dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132787147

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