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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
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$14,640.
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$14,749.
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$14,320.
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$14,795.
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