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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Date Activities Units Acquired at Cost Units Sold at Retail
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
Date | Activities | Units Acquired at Cost | Units Sold at Retail |
---|---|---|---|
August 2 | Purchase | 10 units @ $16 = $160 | |
August 18 | Purchase | 15 units @ $18 = $270 | |
August 29 | Sales | 12 units sold |
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Multiple Choice
$206.40
$430.00
$270.00
$150.50
$196.00
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