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Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 1,000 600
Inventory records for Marvin Company revealed the following: Date Transaction Mar. 1 Beginning inventory Mar.10 Purchase Mar.16 Purchase Mar.23 Purchase Number of Units 1,000 600 850 530 Unit Cost $7.11 7.27 7.44 7.67 Marvin sold 2,000 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 4 decimals If necessary.) Multiple Choice $14745 $14.220
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