Rocking Chair Manufacturing, Inc.

has the following dollar amounts associated with manufacturing the Rocking
first 5 Rocking Chairs in inventory have a total cost of $100 each. The next 10 has a total cost of $95 each. The
practices Weighted-Average for its Inventory-Cost-Flows accounting method.

Rocking Chair Manufacturing, Inc.

Quantity Price Total
5 $100 $500
10 $95 $950

Total Quantity 15 $1,450

Average Cost per Rocking Chair $96.67

Units Sold 7
Cost of Goods Sold $676.67
Ending Inventory in Units 8
Cost of Ending Inventory $773.33
with manufacturing the Rocking Chairs it’s intended on selling. The
has a total cost of $95 each. The company sells 7 Rocking chairs and