Question
A A company's inventory records for the month are provided below. January 1, beginning inventory 18 units at $12 each January 4, purchase 18 units
A
A company's inventory records for the month are provided below.
| January 1, beginning inventory | 18 units at $12 each |
| January 4, purchase | 18 units at $11 each |
| January 9, purchase | 24 units at $9 each |
On January 13, the company sold 38 units for $15 each. According to the Weighted Average inventory costing method, what was the cost of goods sold?
| $399.00 | ||
| $171.00 | ||
| $630.00 | ||
| $231.00 |
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
19th edition
1133957919, 978-1285632988, 1285632982, 978-0357691229, 978-1133957911
