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e-Test 2 Chapters 4 6 × IT Queslion 10 (of 40) Save & xi Subrnit Timc remaining:

ID: 2508374 • Letter: E

Question

e-Test 2 Chapters 4 6 × IT Queslion 10 (of 40) Save & xi Subrnit Timc remaining: 10122 10. MC Qu. 98 Acme-Jones Corporation uses a weighted. AcTrie-Jones Corporalion uses a weighled average perpelu ventory syslern nti% w.ze land.is..xl ;.???? 1,. 15 units wwre purchasnd at $15 per unit 18 What was the amount of the cost of goods sold for this sale? (Round your final answer to the nearest whole dollar. Round your cost per unit to 2 decimal places.) O $7180 O$243 O $225 $168 O $178 References Multiple Choice MC Ou. 98 Acme-Jones Corporation uses a 2:48 PM O Type here to search 4/2/2018

Explanation / Answer

D. $168

Average cost = [(5 x $11) + (15 x $15)]/20 units = $14/unit

Cost of sale = 12 units x $14/unit = $168