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6. Piper Pipes has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 30 units at $120 180

6. Piper Pipes has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 30 units at $120 180 units at $112 120 units 90 units at $115 95 units Assuming that a periodic inventory system is used, what is the cost of goods sold on an average unit cost basis. a. $10,992 b. $11,022 C. $30,557 d. $33,118 Solution

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