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Business, 02.04.2020 01:26 smariedegray

During 2015, a company sells 25 units of inventory. The company has the following inventory purchase transactions for 2015:

Date Transaction Number of Units Unit
Cost Total Cost
Jan. 1 Beginning inventory 20 $ 50 $ 1,000
Sep. 8 Purchase 10 56 560
30 $ 1,560

Calculate ending inventory and cost of goods sold 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.)

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During 2015, a company sells 25 units of inventory. The company has the following inventory purchase...

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