Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the following inventory transactions for September: Beginning inventory 14 units @ $ 3.10 Purchase on September 12 22 units @ $ 3.30 Purchased on
Consider the following inventory transactions for September:
Beginning inventory | 14 | units | @ | $ | 3.10 | |
Purchase on September 12 | 22 | units | @ | $ | 3.30 | |
Purchased on September 23 | 10 | units | @ | $ | 4.00 | |
For the month of September, the company sold 28 units. What is cost of goods sold under the weighted-average cost method? (Do not round your intermediate calculations. Round the weighted-average unit cost to 4 decimals if necessary. Round your answer to the nearest dollar amount.)
Multiple Choice
-
$95.
-
$112.
-
$92.
-
$87.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started