Question
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 28 units were purchased at $9 per unit.
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
| August 2 | 28 units were purchased at $9 per unit. |
| August 18 | 33 units were purchased at $11 per unit. |
| August 29 | 30 units were sold. |
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
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College Accounting Chapters 1-13
Authors: John Price, M. David Haddock, Michael Farina
15th Edition
125999516X, 9781259995163
