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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 17 units were purchased at $8 per unit.
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
August 2 | 17 units were purchased at $8 per unit. |
August 18 | 22 units were purchased at $10 per unit. |
August 29 | 19 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.)
Multiple Choice
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$156.00
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$356.00
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$220.00
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$158.50
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$173.47
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