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Scorpio Company uses the perpetual inventory system and the moving-average (weighted-average) method to value inventories. On August 1, there were 13,000 units valued at $30,000
Scorpio Company uses the perpetual inventory system and the moving-average (weighted-average) method to value inventories. On August 1, there were 13,000 units valued at $30,000 total in the beginning inventory. On August 10, 15,000 units were purchased for $5 per unit. On August 15, 17,000 units were sold for $10 per unit. The amount charged to cost of goods sold using the weighted-average method on August 15 was
$57,375
$30,000
$85,000
$170,000
$63,750
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