A company had the following purchases and sales during its first month of operations:

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$January $1,$Purchase,$10$ units @$$4\mathrm{.}00=$$$40\mathrm{.}00,],[$January $9,$Sales,,$6$ units @$$12\mathrm{.}00],[$January $17,$Purchase,$8$ units @$$5\mathrm{.}50=$$$44\mathrm{.}00,],[$January $27,$Sales,,$7$ units @ $$12\mathrm{.}00]]$

Using the perpetual weighted average method, what is the value of cost of goods sold? $($Round weighted average costs per unit to $2$ decimal places.$)$

Multiple Choice

$$ $$40\mathrm{.}00$

$$ $$59\mathrm{.}00$

$$ anon

Prev

$19$ of $48$

Netort