Given the Following Data,calculate the Cost of Goods Sold for the Period

question 24

Multiple Choice

Given the following data,calculate the cost of goods sold for the period using the weighted-average method for a periodic inventory system,rounding to the nearest dollar.(Do not round in the process of your calculations,only round your final answer.)

• A) $960
• B) $966
• C) $980
• D) $2,500

---

Definitions:

Intellectual Change

The evolution or transformation in cognitive functions and processes, such as thinking, reasoning, and understanding.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, revealing the strength and direction of their relationship.

Strength

The physical or mental capacity to exert force, resist challenges, or endure pressures.

Direction

Guidance or supervision towards a destination or in a particular course of action; also, the path that must be taken to reach a place.