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Compute the cost assigned to ending inventory using weighted average. Goods Purchased Cost of Goods...

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Accounting

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Compute the cost assigned to ending inventory using weighted average. Goods Purchased Cost of Goods Sold Inventory Date Balance Weighted Avg 100 @ $50.00 Mar. 1 $5,000 Mar. 5 400 @ $55.00 = $22,000 100 @ $50.00 400 @ $55.00 $27,000 Mar. 9 420 @ $54.00 = $22,680 80 @ $54.00 $4,320 Mar. 18 120@ $60.00- $ 7,200 80 @ $54.00 120 @ $60.00 $11,520 Mar. 25 200@ $62.00= $12,400 80 @ $54.00 120 @ $60.00 200 @ $62.00 $23.920 160 @ $59.80 - Mar. 29 240 @ $59.80 2.568 $14,352 Total

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