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RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 400

RJ Corporation has provided the following information about one of its inventory items:

Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 400 $ 3,200
6/6 Purchase 800 $ 3,600
9/10 Purchase 1,200 $ 4,000
11/15 Purchase 800 $ 4,200

During the year, RJ sold 3,000 units. What was cost of goods sold using the average cost flow assumption?

Multiple Choice

  • $11,680,000.

  • $11,590,000.

  • $11,480,000.

  • $11,550,000.

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