Nordic Industries Uses a Periodic Inventory System

question 151

Multiple Choice

Nordic Industries uses a periodic inventory system.During its first month of operations,Nordic Industries purchased inventory as follows: There were 100 units in ending inventory on January 31.
Under the weighted average cost method,what is the cost of goods sold for January?

• A)$18,000
• B)$20,250
• C)$3,150
• D)$2,250

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