A company had the following purchases and sales during its first
month of operations:
Using the perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)
| January 1 | Purchased 10 units at $4.00 per unit | |
| January 9 | Sold 6 units at $12.00 per unit | |
| January 17 | Purchased 8 units at $5.50 per unit | |
| January 27 | Sold 7 units at $12.00 per unit | |
Using the perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)
| January 1 | Purchased 10 units at $4.00 per unit | |
| January 9 | Sold 6 units at $12.00 per unit | |
| January 17 | Purchased 8 units at $5.50 per unit | |
| January 27 | Sold 7 units at $12.00 per unit | |
Using the perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.)
