Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 11 units were purchased at $2 per unit. August 18 16 units were purchased at $4 per unit. August 29 13 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 11 units were purchased at $2 per unit. August 18 16 units were purchased at $4 per unit. August 29 13 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
August 2 | 11 units were purchased at $2 per unit. |
August 18 | 16 units were purchased at $4 per unit. |
August 29 | 13 units were sold. |
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)
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