ok int Given the following: erences January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased. 36 56 46 51 189 Cost per unit Cost of goods sold $5 8 9 10 Total 180 448 414 510 $1,552 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 57 units). (Round the "average unit cost" and final answer to the nearest cent.) $ b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to the nearest cent.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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JUSS
X BbThread: Persuasive Essay-20225 X
meducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.muskegoncc.edu%252Fwebapps%252
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and Overload Homework (Ch. 18) i
7
Book
=
Print
5
References
Given the following:
74"F
Sunny
January 1 inventory
April 1
June 1
November 1
Mc
Graw
Hill
Extra
Refreshers
Cost of ending inventory
Number
purchased
Question 2 - Inventory and Over X
36
56
46
51
189
Refreshers
Cost
per unit.
$5
8
9
10
Total
$ 180
448
a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 57 units). (Round the "average
unit cost" and final answer to the nearest cent.)
+
414
510
$ 1,552
b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to
the nearest cent.)
Cost of goods sold
Saved
H O
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Transcribed Image Text:JUSS X BbThread: Persuasive Essay-20225 X meducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fblackboard.muskegoncc.edu%252Fwebapps%252 Gmail YouTube Maps MY MCC and Overload Homework (Ch. 18) i 7 Book = Print 5 References Given the following: 74"F Sunny January 1 inventory April 1 June 1 November 1 Mc Graw Hill Extra Refreshers Cost of ending inventory Number purchased Question 2 - Inventory and Over X 36 56 46 51 189 Refreshers Cost per unit. $5 8 9 10 Total $ 180 448 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 57 units). (Round the "average unit cost" and final answer to the nearest cent.) + 414 510 $ 1,552 b. Calculate the cost of goods sold using the weighted-average method. (Round your intermediate calculations and final answer to the nearest cent.) Cost of goods sold Saved H O < Prev 2 of 12 EE INTRA Next > 9
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