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Cost of Goods Sold and Ending Inventory

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Laird Company sells coffee makers used in business offices. Its beginning inventory of coffee makers was 200 units at $45.00 per unit. During the year, laird made two batch purchases of coffee makers. The first was a 300 unit purchase at $50.00 per unit; the second was a 350 unit purchase at $52.00 per unit. Laird sold 800 coffee makers.


Determine the amount of product costs that would be allocated to costs of goods sold and ending inventory, assuming Laird uses
c. Weighted average

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This solution helps with allocating product costs to the cost of goods sold and ending inventory.

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