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Question Help A company has the following inventory information and uses the periodic system: May 1 Beginning Inventory 20 units at $4 each May 4
Question Help A company has the following inventory information and uses the periodic system: May 1 Beginning Inventory 20 units at $4 each May 4 Purchase 13 units at $5 each May 7 Sale 25 units The company uses the weighted - average method of inventory costing. What is the cost of goods sold and the ending merchandise inventory? O A. COGS $145.00, Merchandise Inventory $46.40 O B. COGS $109.75; Merchandise Inventory $35.12 O c. COGS $46.40; Merchandise Inventory $145.00 O D. COGS $35.12; Merchandise Inventory $109.75
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