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Find dollar value of Cost of Goods Sold for the month of May

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Question - 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

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

Reference no: EM132820590

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