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Assume that J-art uses a moving weighted average inventory system. During the period, it sold 14 units. Calculate the dollar value of its cost of

Assume that J-art uses a moving weighted average inventory system. During the period, it sold 14 units. Calculate the dollar value of its cost of goods sold for the period.

Jan. 1

Beginning Inventory

10 @ $12

Jan. 5

Purchase

10 @ $15

Jan. 30

Purchase

10 @ $18

Feb. 8

Sale

14 units x $30 each

Multiple choice question.

$180

$420

$210

$240

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