

cost of goods sold
while using moving average method units are costed at weighted average cost per unit
weighted average cost per unit=total cost/total units
on november 19
total cost=$3720+$6580=$10300
total units=310+470=780
weighted average cost per unit=$10300/780=$13.20
cost of goods sold=610*$13.20=$8052
ending inventory
on november 30
total cost=(170*$13.20)+$6630=$8874
total units=170+390=560 units
weighted average cost per unit=$8874/560=$15.85 per unit
ending inventory value=$15.85*560=$8876
note: there is a slight difference in the total cost while calculating normal cost value and weighted average value.it is because of rounding the weighted average cost per unit into 2 decimal point. you will get the exact cost when you take the exact weighted average cost per unit ($15.84642857)
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