Accounting for Inventory - Weighted Average Example

The video tutorial explains how to use the weighted average method to calculate the cost of goods sold (COGS) for Delta Company. It emphasizes that the initial steps remain consistent across different methods. The tutorial provides a step-by-step guide to calculating COGS, recording journal entries, and determining gross profit. It concludes with calculating the ending inventory using the weighted average method.

How many units are left in inventory after selling 29 units?

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What is the ending inventory value after applying the weighted average method?

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