Question
A distributor had the following transactions: on 1/16/2020, purchased 1,100 units for $8.00 each; on 1/21/2020, purchased 800 units for $9.00 each; on 2/6/2020,
"A distributor had the following transactions: on 1/16/2020, purchased 1,100 units for $8.00 each; on 1/21/2020, purchased 800 units for $9.00 each; on 2/6/2020, purchased 900 units for $10.00 each; on 3/9/2020, purchased 700 units for $11.00 each; and then on 3/11/202 sold 1,900 units for $15.00 each. Under the Average Cost method, what is the COGS on this transaction? " $75.00 $125.00 $133.33 $162.50 $178.57
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
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