ment_id-31020 1-1 &course-id-14935s;_1&content-id; \"-61 1984 1-1 &step-null; QU

Question

ment_id-31020 1-1 &course-id-14935s;_1&content-id; "-61 1984 1-1 &step-null; QUESTION 4 Question is worth 7 total ports Attach work to question #12 The beginning inventory balance was $650,000 The detail was as follows 1200 units @ $450/unit 200 units @ $550/unit During the month the following purchases happened 1000 units @$560/unit 100 units @ $600/und 500 units @ $520/unit The company sold 1,500 units during the month, how much COGS would the company expense if they used tho Weighted Aver age method $696,428.57 O $765,000 O $825,000 O $840,000

Explanation / Answer

Answer:- The COGS of the company using Weighted Average method is $765000.

Explanation:-

Weighted Average cost Method Goods purchased Cost of goods sold Inventory balance Date # of units Cost per unit # of units sold Cost per unit Cost of goods sold # of units Cost per unit Inventory balance 1200 450 540000 200 550 110000 1000 560 1200 450 540000 200 550 110000 1000 560 560000 100 600 1200 450 540000 200 550 110000 1000 560 560000 100 600 60000 500 520 1200 450 540000 200 550 110000 1000 560 560000 100 600 60000 500 520 260000 Average cost 3000 510 1530000 1500 510 765000 1500 510 765000.00 Totals 1500 765000

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