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1 Beginning Inventory 140 units @ $ 7.00 = $ 980 Jan. 10 Sales 90 units @ $15 Jan. 20 Purchase 220 units @ $ 6.00 = 1,320 Jan. 25 Sales 145 units @...
Jan. 1 Beginning Inventory 140 units @ $ 7.00 = $ 980 Jan. 10 Sales 90 units @ $15Jan. 20 Purchase 220 units @ $ 6.00 = 1,320 Jan. 25 Sales 145 units @ $15Jan. 30 Purchase 100 units@ $ 5.00 = 500Totals 460 units =$ 2,800 ------------------------------------Liberty uses a perpetual inventory system. Ending inventory consists of 225 units, 100 from the January 30 purchase, 80 from the January 20 purchase, and 45 from beginning inventory.I need to find the total for the costs of goods sold using the weighted average method. Thanks.
