Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted-average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.) 1/1 3/5 Beginning inventory Purchases 4/15 Sale 5/30 Purchases 10/25 Purchases 11/15 Sale 12/31 Ending inventory $280 $600 $200 $230 50 units at $10 per unit 30 units at $14 per unit 20 units at $30 per unit 25 units at $15 per unit 20 units at $16 per unit 60 units at $32 per unit 45 units

Given the following data, calculate the cost of goods sold for the 04/15 sale using the weighted-average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.) 1/1 3/5 Beginning inventory Purchases 4/15 Sale 5/30 Purchases 10/25 Purchases 11/15 Sale 12/31 Ending inventory $280 $600 $200 $230 50 units at $10 per unit 30 units at $14 per unit 20 units at $30 per unit 25 units at $15 per unit 20 units at $16 per unit 60 units at $32 per unit 45 units

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 2PEA: Beginning inventory, purchases, and sales for Item Widget are as follows: Assuming a perpetual...

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