Shellhammer Company's inventory records show the following
data for the month of September:
Units Unit Cost
Inventory, September...
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Accounting
Shellhammer Company's inventory records show the followingdata for the month of September:
Units Unit Cost
Inventory, September 1 100 $3.34
Purchases: September 8 450 3.50
September 18 350 3.70
A physical inventory on September 30 shows 200 units onhand.
Calculate the value of the ending inventory and cost of goodssold if the company uses weighted average inventory costing and aperiodic inventory system. (Round cost per unit to 2 decimal placesand ending inventory and cost of goods sold to the nearestdollar.)
Ending inventory
$
Cost of goods sold
$
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