Assume BAL, Inc., began March with 95 units of inventory that cost a total of $1,710. During

Question:

Assume BAL, Inc., began March with 95 units of inventory that cost a total of $1,710.

During March, BAL, Inc., purchased and sold goods as follows:

Mar 6 15 22 30 Purchased 120 units @ $16 each Sold 135 units @ $30 each Purchased 135 units @ $14 each Sold 95 units @ $29 each BAL, Inc., uses perpetual inventory. Under the average cost inventory method, how much is BAL’s cost of goods sold for the sale on March 15? Round unit cost to the nearest cent.

a. $1,800.90

b. $2,278.80

c. $2,000.00

d. $2,295.00 AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781292019543

3rd Global Edition Edition

Authors: Robert Kemp, Jeffrey Waybright, Pearson Education

Question Posted: