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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,070 $7.16 Mar. 10 Purchase 530
Inventory records for Marvin Company revealed the following:
Date | Transaction | Number of Units | Unit Cost |
Mar. 1 | Beginning inventory | 1,070 | $7.16 |
Mar. 10 | Purchase | 530 | 7.35 |
Mar. 16 | Purchase | 870 | 7.46 |
Mar. 23 | Purchase | 520 | 7.61 |
Marvin sold 2,100 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to four decimals if necessary): |
$15,036.
$15,435.
$15,530.
$15,454.
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