Homework Answers
Answer : B = $ 8840.6
Cost of goods available for sale = ( 50 * $ 145 ) + ( 172 * $ 97 ) = $ 23934.
Total goods available for sale = 50 + 172 = 222.
Weighted average cost = ( $ 23934 / 222 ) = 107.81
Ending inventory = 140 * $ 107.81 = $ 15093.4
Cost of Goods sold = $ 23934 - $ 15093.4 = $ 8840.6.
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