Question
Dali's Timepieces had the following inventory data: Date Quantity Unit Cost July 1 Beginning inventory 5 $49 July 4 Purchase 10 $57 July 7 Sale
Dali's Timepieces had the following inventory data:
Date Quantity Unit Cost
July 1 Beginning inventory 5 $49
July 4 Purchase 10 $57
July 7 Sale 12
July 11 Purchase 9 $54
July 14 Sale 8
Assuming average cost, what is the cost of goods sold for the July 7 sale? (Round any intermediary calculations to the nearest cent and round your final answer to the nearest dollar.)
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College Accounting Chapters 1-9
Authors: James Heintz
22nd Edition
1305888537, 978-1305666184
