Given the fol lowing data, calculate the cost of goods sold for the 04\'15 sale

Question

Given the fol lowing data, calculate the cost of goods sold for the 04'15 sale using the weighted-average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your caculations, only round your final answer.) 1/1 Beginning inventory 50 units at $10 per unit 35 Purchases 30 units at $14 per unit 15 Sale 20 units at S30 per unit 5/30 Purchases 25 units at $15 per unit 10/25 Purchases 20 units at S16 per unit 11/15 Sale 60 units at $32 per unit 12/31 Ending inventory 45 units O A. $200o B. $280 O C. $230 O D. $600

Explanation / Answer

Average cost per unit on 4 / 15 = [(50 units * $10 ) + (30 units * $14)] / 50 units + 30 units = $920 / 80 units = $11.50

Cost of goods sold on 4/15 = 20 units * $11.50 = $230( option C)   

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