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Lionworks Enterprises had the following inventory data: Quantity Unit Cost Date July 1 Beginning inventory $49 July 4 Purchase $52 10 July 7 Sale 12
Lionworks Enterprises had the following inventory data: Quantity Unit Cost Date July 1 Beginning inventory $49 July 4 Purchase $52 10 July 7 Sale 12 July 11 Purchase $57 July 14 Sale Assuming average cost, what is the cost of goods sold for the July 7 sale? (Round any intermediary calculations to the nearest cent and round your final answer to the nearest dollar.) O A. $618 O B. $612 O C. $606 O D. $609
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