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Question

Connect G Google Apple icloud D Yahoo D Bing D Wikipedia D Facebook D Twiter D Linkedin D The Weather Chenne Final-Good Luck! Help Sa Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 20 units were purchased at $11 per unit 25 units were purchased at $13 per unit 22 units were sold. 2 What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) Multiple Choice $266.42 $248.50

Explanation / Answer

Answer :- Option A). $ 266.42

Explanation :- Weighted average unit cost = [ (20 * 11) + (25 * 13) ] / (20 + 25)

= (220 + 325) / 45

= 545 / 45

= $ 12.11 (approx).

Cost of goods sold = 12.11 * 22

= $ 266.42 (approx).

Conclusion :- Cost of goods sold = $ 266.42 (Option A).

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