Compute ending merchandise inventory and cost of goods sold for Cambridge using the weighted-average 1 answer below »

Compute ending merchandise inventory and cost of goods sold for Cambridge using the weighted-average inventory costing method. The periodic inventory records of Cambridge Prosthetics indicate the following for the month of July: Jul. 1 Beginning merchandise inventory ….. 18 units @ $ 55 each 8 Purchase ……………… 15 units @ $ 60 each 15 Purchase ……………… 12 units @ $ 61 each 26 Purchase 1……………… 1 units @ $ 62 each At July 31, Cambridge counts nine units of merchandise inventory on hand.

 

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