Units | Rate | Amount | |
Beginning inventory | 1080 | $ 7.14 | $ 7,711.20 |
Mar 10 purchase | 570 | $ 7.31 | $ 4,166.70 |
Mar 16 purchase | 900 | $ 7.48 | $ 6,732.00 |
Mar 23 purchase | 550 | $ 7.66 | $ 4,213.00 |
Cost of goods available for sale | 3100 | $ 22,822.90 |
Weighted average cost per unit = $22,822.9/3,100 |
Weighted average cost per unit = $7.3622 |
Cost of goods sold = $7.3622*2,000 |
Cost of goods sold = $14,724 |
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