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
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ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
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Chapter7: Inventories: Cost Measurement And Flow Assumptions
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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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