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Calculate the company cost of goods sold

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Inventory Costing Methods and the Periodic Method Kay & Company experienced the following events in March:

Date  Event  Units   Unit Cost   Total Cost

Mar. 1Purchased i..0    @$16       $1,600

Mar. 3Sold inventory      60

Mar. 15Purchased i..0  @18       $1,800

Mar. 20Sold inventory    40

Problem 1: If Kay & Company uses the weighted-average cost method, calculate the company's cost of goods sold and ending inventory as of March 31 assuming the periodic method.

Reference no: EM132696758

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