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Costco Wholesale began the month of April with 30 units of inventory costing $12 per unit on hand. During April, the following inventory purchases were
Costco Wholesale began the month of April with 30 units of inventory costing $12 per unit on hand. During April, the following inventory purchases were made: Date Units Unit Cost Total Cost April 2 60 $13 $780 April 10 50 $14 $700 April 17 40 $16 $640 April 24 45 $17 $765 During April, Costco sold 110 units of its product at $24 per unit. Determine the value of Cost of Goods Sold using the Average Cost Method of inventory valuation. Select one: O a. $1,586 b. $2,640 c. $1,734 d. $1,631 e. $1,414 O
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