Use the Following Information for the Month of June for Questions

question 75

Multiple Choice

Use the following information for the month of June for questions
XYZ Inc.uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)

-The cost of goods sold for the June 10 sale is

• A)$545.60.
• B)$549.96.
• C)$550.00.
• D)$557.75.

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Definitions:

Total Cost

The complete cost of producing, storing, and delivering a product to the end user.

Optimal Number

The most favorable quantity that balances costs and benefits in a given situation, often used in inventory management and resource allocation.

Integer-Multiple

A value that is an integral (whole) number times of a particular number, indicating a multiplicative relationship.

Fixed Cost

Expenses that do not change with the level of goods or services produced by the business, such as rent for a building.