Berring Sales Uses the Average-Cost Method

question 87

Multiple Choice

Berring Sales uses the average-cost method. The partially completed inventory record for January appears below. On January 14, the company sold 10 units. On January 29, the company sold 50 units. Complete the inventory record through the January 14 sale, and calculate the Cost of goods sold for the January 14 sale. (Please round to the nearest whole dollar.)

• A)$38
• B)$33
• C)$42
• D)$40

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Definitions:

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The 26th president of the United States, notable for his exuberant personality, range of interests and achievements, and his leadership of the Progressive Movement.

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Conflicts between employees and employers over conditions, wages, and rights in the workplace, sometimes resulting in strikes or negotiations.

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Organization established by Congress, in reaction to the U.S. Supreme Court’s ruling in Wabash Railroad v. Illinois (1886), in order to curb abuses in the railroad industry by regulating rates.