Given the following information,determine the cost of ending inventory at November 30 using the Weighted Average perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit
November 18: 30 units were purchased at $10.75 per unit
November 30: 20 units were sold at $55 per unit

Question

Quizplus · Accepted Answer

15*8 = 120$\quad $ COGS 15*8.82 = $132.30
18*9.50 = 171
33 $\quad $291 Average: $8.82
18*8.82 = 158.76
30*10.75 = 322.50
48 $\quad $481.26 Average: $10.03

Given the Following Information,determine the Cost of Ending Inventory at November