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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,000 $ 7.16 Mar. 10 Purchase

Inventory records for Marvin Company revealed the following:

Date Transaction Number of Units Unit Cost
Mar. 1 Beginning inventory 1,000 $ 7.16
Mar. 10 Purchase 500 7.32
Mar. 16 Purchase 880 7.48
Mar. 23 Purchase 580 7.63

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

  • $14,640.

  • $14,749.

  • $14,320.

  • $14,795.

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