Question
ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as follows: December 1- Beginning inventory value is
ABC Co uses perpetual inventory system and Average Cost Method.
The company's information for December 2021 is as follows:
| December 1- Beginning inventory value is $ 800 in total for 20 units of inventory. |
| December 7- Sold 10 units $50 each. |
| December 12- Purchased 15 units at the cost of $42 each. |
| December 17- Sold 8 units $50 each. |
| December 23-Sold 4 units $50 each. |
| December 27- Purchased 8 units at the cost of $44 each. |
| December 30- Sold 10 units $50 each. |
What amount should be recorded to COGS for the sale transaction on December 17?
Ltfen birini sein:
a. 431,20
b. 329,60
c. 630
d. 164,80
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
