Question

Date	Transactions	# of units	unit cost	total cost
Jan 1	Beginning Inventory	60	82	4920
May 5	Purchase	250	85	21250
Nov 3	Purchase	200	90	18000

Calculate cost of goods sold using the weight average cost method for this company:

Answer 1

	Weighted Average Cost method
Date	Particulars	units	Cost per unit	Total
Jan 1	Purchase	60	82	4920
May 5	Purchase	250	85	21250
Nov 3	Purchase	200	90	18000
	Cost of Goods Available for Sale	510		44170

Weighted Average cost per unit = $44170/510 = 86.61

As the Information regarding sales is not given here Iam assuming that the sales are 300 units Therefore COGS for 300 units = 300*86.61 =$25,983

By Multiplying the Unit cost per unit by No of Units sold you can get the COGS