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:

Engrossed

Deeply absorbed or completely occupied with something, to the point of being unaware of anything else.

Clattering

The act of making a series of loud, rattling sounds, as when objects strike against each other.

Hue

A color or shade, the aspect of color which is determined by the wavelength of light.

Wavelength

The distance between successive crests of a wave, especially points in a sound wave or electromagnetic wave, which determines its color and energy.