Hamilton Co. opened its doors for business on January 1st. Below is a chart outlining the purchases and sales of inventory for Hamiltons first month of business:

Date	Event	Units	Price
1/3	Purchase Inventory	16	$60/unit
1/6	Purchase Inventory	25	$66/unit
1/9	Sell Inventory	12	$200/unit
1/11	Purchase Inventory	22	$67/unit
1/14	Purchase Inventory	6	$70/unit
1/15	Sell Inventory	30	$220/unit

Hamilton Co. uses the perpetual system to account for its inventory.

______________

Assuming Hamilton uses the Average-Cost cost-flow assumption, how much Sales Revenue will be recognized in the month of January?

Question 50 options:

	$9,000
	$9,240
	$8,400
	$6,600

Question 51 (2 points)

Hamilton Co. opened its doors for business on January 1st. Below is a chart outlining the purchases and sales of inventory for Hamiltons first month of business:

Date	Event	Units	Price
1/3	Purchase Inventory	16	$60/unit
1/6	Purchase Inventory	25	$66/unit
1/9	Sell Inventory	12	$200/unit
1/11	Purchase Inventory	22	$67/unit
1/14	Purchase Inventory	6	$70/unit
1/15	Sell Inventory	30	$220/unit

Hamilton Co. uses the perpetual system to account for its inventory.

______________

Assuming Hamilton uses the Average-Cost cost-flow assumption, how much Cost of Goods Sold will be recognized in the month of January?

Question 51 options:

	$2,677
	$2,732
	$2,518
	$2,818