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Question 2 View Policies Current Attempt in Progress Marigold uses the periodic inventory system. For the current month, the beginning inventory consisted of 7100 units
Question 2 View Policies Current Attempt in Progress Marigold uses the periodic inventory system. For the current month, the beginning inventory consisted of 7100 units that cost $11.00 each. During the month, the company made two purchases: 2800 units at $12.00 each and 12000 units at $12.50 each. Marigold also sold 13000 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, eg. 1.48.) $155350. $150450. $156000. $162000
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