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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Units Sold at Retail Date August 2 August 18 August
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Units Sold at Retail Date August 2 August 18 August 29 Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $ 46 = $460 15 units @ $48 = $720 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 $1,180.00 $566.40 $150.50 O. $720.00 Jammer Company uses a weighted average perpetual inventory system and reports the following: Units Sold at Retail Date August 2 August 18 August 29 August 31 Activities Purchase Purchase Sales Purchase Units Acquired at Cost 10 units @ $29 = $290 15 units @ $32 = $480 20 units sold 14 units @ $33 = $462 What is the per unit value of ending inventory on August 31? Answers should be rounded to the nearest cent. Multiple Choice $33.00 O $32.42 O O $29.00 O $30.80 O $34.30 A company has net sales of $752,800 and cost of goods sold of $301,800. Its gross profit equals: Multiple Choice $271,000. $752,800. $301,800. $451,000. $1,054,600. A company purchased $2,900 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $320 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals: Multiple Choice $320. $2,551. $2,554. $2,580. $2,900
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