|
Title: A company purchased 110 units for $40 each on January 31. It purchased 200 units for $25 each on ... Post by: H3Ko on Aug 29, 2016 A company purchased 110 units for $40 each on January 31. It purchased 200 units for $25 each on February 28. It sold 200 units for $50 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the amount of Cost of Goods Sold on the income statement for the year ending December 31. (Assume the company uses the perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)
A) $9,400 B) $5,000 C) $4,400 D) $6,064 Title: Re: A company purchased 110 units for $40 each on January 31. It purchased 200 units for $25 each on ... Post by: Tanks on Aug 29, 2016 Content hidden
Title: Re: A company purchased 110 units for $40 each on January 31. It purchased 200 units for $25 each on ... Post by: H3Ko on Oct 12, 2016 Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
|