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

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Definitions:

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Extracellular Matrix

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