mhedacation.com d tolder 416563751735850 anced.0hi ..0hd-4200 Yhoo Apple Cloud G

Question

mhedacation.com d tolder 416563751735850 anced.0hi ..0hd-4200 Yhoo Apple Cloud Google Wkpedia Facebook Citation Bing S0SUInvestment site Ema Odeon Company Uses The Alowance Method Aceon. Exam Help Save& Esit Submit A company had the folowing purchases and sales during its first month of operations 20 January 1 Purchased 10 units at $4.00 per unit January 9 Sold 6 units at $12.00 per unit January 17 Purchased 8 units at $5.50 per unit 0157.0January 27 Bold 7 units at $12.00 per unit Using the Perpetual weighted average method, what is the value of cost of goods sold? (Round weighted average costs per unit to 2 decimal places.) Mutple Choice 540.00 $2400 $25.00

Explanation / Answer

Calculation of value of cost of goods sold January 9 Sale = 6 units * $4 = $24.00 January 27 Sale = 7 units * $5 = $35.00 Value of cost of goods sold $59.00 Weighted average cost per unit for January 9 sale = $4 per unit Weighted average cost per unit for January 27 sale = [(4 units * $) + (8 units* $5.50)] / 12 units = $5 per unit

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