Given the Following Information,determine the Cost of Goods Sold at December

question 61

Multiple Choice

Given the following information,determine the cost of goods sold at December 31 using the weighted average periodic inventory method:
December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.

• A)$282.15
• B)$332.10
• C)$284.70
• D)$290.70
• E)$210.30

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Definitions:

Civil Rights

The rights of citizens to political and social freedom and equality.

Voting Materials

Items and documents used in the electoral process, including ballots, voting machines, and voter registration forms.

Inflation

A general increase in prices and fall in the purchasing value of money, typically measured by the inflation rate.