Given the following:   Number purchased Cost per unit Total January 1 inventory 42 $ 3 $ 126 April 1 62 6 372 June 1 52 7 364 November 1 57 8 456   213   $ 1,318 A. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 63 units). Note: Round the "average unit cost" and final answer to the nearest cent. Cost of ending inventory $389.97 B. Calculate the cost of goods sold using the weighted-average method. Note: Round your intermediate calculations and final answer to the nearest cent. Cost of goods sold $           Please help with B ONLY. I cannot figure out the weighted average method.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Given the following:

  Number purchased Cost per unit Total
January 1 inventory 42 $ 3 $ 126
April 1 62 6 372
June 1 52 7 364
November 1 57 8 456
  213   $ 1,318

A. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 63 units).

Note: Round the "average unit cost" and final answer to the nearest cent.

Cost of ending inventory $389.97

B. Calculate the cost of goods sold using the weighted-average method.

Note: Round your intermediate calculations and final answer to the nearest cent.

Cost of goods sold $          

Please help with B ONLY. I cannot figure out the weighted average method.

Thank you!

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