Lionworks Enterprises Had the Following Inventory Data

question 145

Multiple Choice

Lionworks Enterprises had the following inventory data:
Assuming average cost, what is the cost of goods sold for the July 7 sale? (Round any intermediary calculations to the nearest cent and round your final answer to the nearest dollar.)

• A)$660
• B)$684
• C)$672
• D)$666

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Definitions:

Meter

A unit of length in the metric system equal to 100 centimeters or approximately 39.37 inches.

Dimensional-analysis

A method in physics and chemistry for converting one unit of measurement into another, using the fact that the dimensions of the quantity must remain the same.

Kilograms

The base unit of mass in the International System of Units (SI), equivalent to one thousand grams, used globally for measuring weight.

Pounds

A unit of weight in the imperial system, equivalent to 0.453592 kilograms.