Units of inventory

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Reference no: EM13917151

During 2015, a company sells 460 units of inventory for $91 each. The company has the following inventory purchase transactions for 2015:

 

Date

Transaction

Number of Units

Unit
Cost

Total
Cost

  Jan. 1

  Beginning inventory

 

79

 

$

73

 

$

5,767

 

  May 5

  Purchase

 

264

   

74

   

19,536

 

  Nov. 3

  Purchase

 

182

   

76

   

13,832

 
                     
     

525  

       

$

39,135

 
                     
 

Calculate cost of goods sold and ending inventory for 2015 assuming the company uses weighted-average cost with a periodic inventory system.(Round weighted-average unit cost to 4 decimal places. Round your final answers to the nearest dollar amount. Omit the "$" sign in your response.)

  Cost of goods sold

$

  Ending inventory

$

Reference no: EM13917151

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