Given the Following Data, Calculate the Cost of Goods Sold

question 23

Multiple Choice

Given the following data, calculate the cost of goods sold for the 11/15 sale using the weighted-average method for a perpetual inventory system, rounding to the nearest dollar. (Do not round in the process of your calculations, only round your final answer.)
$\begin{array} { l l l } 1 / 1 & \text { Beginning inventory } & 50 \text { units at } \$ 10 \text { per unit } \\3 / 5 & \text { Purchases } & 30 \text { units at } \$ 14 \text { per unit } \\4 / 15 & \text { Sale } & 20 \text { units at } \$ 30 \text { per unit } \\5 / 30 & \text { Purchases } & 50 \text { units at } \$ 15 \text { per unit } \\11 / 15 & \text { Sale } & 60 \text { units at } \$ 32 \text { per unit } \\12 / 31 & \text { Ending inventory } & 50 \text { units }\end{array}$

• A) $771
• B) $1,920
• C) $785
• D) $720

---

Definitions:

Precise Timetable

A detailed schedule that specifies exact times at which certain events or tasks should occur.

Communication Gap

The discrepancy or disconnect in understanding and interpretation between the sender and receiver during the communication process.

Staff Planners

Professionals who are responsible for developing plans and strategies to achieve an organization's long-term goals and objectives.

Communication Gap

A situation where there is a lack of effective exchange of information between two or more parties, leading to misunderstandings or conflicts.