How do I solve this? The following amounts and costs of platters were available for sale by Sierra Pottery during the year:Beginning inventory 10 units at $41First purchase15 units at $55Second purchase30 units at $70Third purchase25 units at $65Sierra Pottery has 35 platters on hand at the end of the year. How much is cost of goods sold in dollars at the end of the year according to the weighted-average cost method?Select one:a. $2,790b. $4,960c. $1,732.50d. $1,860

Given that, Beginning inventory = 10 units @ $41 Purchases = 15 units @ $55 Second purchase = 30…

The following amounts and costs of platters were available for sale by Sierra Pottery during the year: Beginning inventory 10 units at $41 First purchase 15 units at $55 Second purchase Third purchase 30 units at $70 25 units at $65 Sierra Pottery has 35 platters on hand at the end of the year. How much is cost of goods sold in dollars at the end of the year according to the weighted-average cost method? Select one: a. $2,790 b. $4,960 c. $1,732.50 d ¢1 050

The following amounts and costs of platters were available for sale by Sierra Pottery during the year: Beginning inventory 10 units at $41 First purchase 15 units at $55 Second purchase Third purchase 30 units at $70 25 units at $65 Sierra Pottery has 35 platters on hand at the end of the year. How much is cost of goods sold in dollars at the end of the year according to the weighted-average cost method? Select one: a. $2,790 b. $4,960 c. $1,732.50 d ¢1 050

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 1PEB: The following three identical units of Item Beta are purchased during June: Assume that one unit is...

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