Tomas Company Uses the Perpetual Inventory System and the Moving-Average

question 159

Multiple Choice

Tomas Company uses the perpetual inventory system and the moving-average method to cost inventories. On August 1, there were 10,000 units reported at $30,000 in the beginning inventory. On August 10, 20,000 units were purchased for $4.95 per unit. On August 15, 25,000 units were sold for $12 per unit. The amount charged to cost of goods sold on August 15 was

• A) $30,000.
• B) $99,375.
• C) $107,500.
• D) $118,800.

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Unconsciously

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A model in cognitive psychology that explains how information is retrieved in the brain, suggesting that thoughts and ideas spread across networks of neurons.

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