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RJ Corporation has provided the following information about one of its inventory items: Date Transaction 1/1 Beginning Inventory 6/6 Purchase 9/10 Purchase 11/15 Purchase Number
RJ Corporation has provided the following information about one of its inventory items: Date Transaction 1/1 Beginning Inventory 6/6 Purchase 9/10 Purchase 11/15 Purchase Number of Units 400 800 1,200 800 Cost per Unit $3,200 $3,600 $4,000 $4,200 During the year, RJ sold 3,000 units. W What was cost of goods sold using the average cost flow assumption? 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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