M7-7 Calculating Cost of Goods Available for Sale, Cost of Goods Sold and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory)
{"Image DocumentName": "M7-7 Calculating Cost of Goods Available for Sale, Cost of Goods Sold and Ending Inventory under FIFO, LIFO, and Weighted Average Cost (Periodic Inventory)", "Image ImageDescription": "c. Weighted Average. Average Unit Cost  744,000 / 16,000 =   Ending Inventory (7,000 units x  46.50) =  325,500. Cost of Goods Sold (9,000 units x  46.50) =  418,500. The Weighted Average method. The weighted average unit cost is the Cost of Goods Available for Sale ( 744,000) divided by the number of units available for sale (16,000). The result is  46.50 per unit. The Ending Inventory is 7,000  46.50 =  325,500. Cost of Goods sold is 9,000  46.50 =  418,500.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}