The beginning inventory for ProKnows Ltd. consisted of 20 units at $4 each. During March,...
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The beginning inventory for ProKnows Ltd. consisted of 20 units at $4 each. During March, 40 more units of inventory were purchased for $5 each, and during May, an additional 40 units were purchased for $6 each. A total of 70 units of inventory were sold during the year. Under the weighted average cost flow assumption, O ending inventory = 30 units x $5.00 per unit = $150 O ending inventory = 70 units x $5.20 per unit = $364 cost of goods sold = 70 units x $5.20 per unit = $364 O cost of goods sold = 70 units x $5.00 per unit = $350
abumplion cott at goods sold = 70 unta $920 per una $304 Mavine
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