A A company's inventory records for the month are provided below. January 1, beginning inventory 18 units
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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 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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