The cost of the ending inventory on the balance sheet, where one unit is sold on April 25 is $52 ($13 x 4).
The ending inventory is the value of goods, raw materials, and work in process, after deducting the cost of goods sold. The formula for calculating the ending inventory under the weighted-average method is to add up the costs of the individual purchases to the beginning inventory, and then subtract the cost of goods sold.
April 5 $10
April 10 $12
Apr 15 $13
April 20 $14
April 22 $16
Total costs = $65
Average cost = $13 ($65/5)
Cost of goods sold = $13
Assume that we use a perpetual inventory system and that five identical units are purchased at the following four dates and costs: April 5 April 10 Apr 1 15 April 20 April 22 $10 $12 314 $16 One unit is sold on April 25. The company uses the weighted average inventory costing method. Identify the cost of the ending Inventory on the balance sheet. (Round your answer to 2 decimal places.)
Thus, the cost of the ending inventory on the balance sheet, where one unit is sold on April 25 is $52.
Learn more about the weighted-average costing method at https://brainly.com/question/4576268
