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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
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$11,680,000.
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$11,590,000.
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$11,480,000.
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$11,550,000.
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