Question
Luna Seafood, Inc.'s inventory activity in September was as follows: $/Unit Quantity Inventory, September 1 100 15 Purchase, September 12 120 10 Goods Available for
Luna Seafood, Inc.'s inventory activity in September was as follows:
| $/Unit | Quantity | |
| Inventory, September 1 | 100 | 15 |
| Purchase, September 12 | 120 | 10 |
| Goods Available for Sale | ||
| Sale, September 25 | 150 | 12 |
Calculate the Cost of Goods Sold for the month using the Average Cost method.
Round answer to nearest whole dollar.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
