Marquis Company Uses a Weighted-Average Perpetual Inventory System and Has

question 171

Multiple Choice

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
$$\begin{array} { | l | l | } \hline \text { August 2 } & 10 \text { units were purchased at } \$ 12 \text { per unit. } \\\hline \text { August 18 } & 15 \text { units were purchased at } \$ 14 \text { per unit. } \\\hline \text { August 29 } & 12 \text { units were sold. } \\\hline\end{array}$$
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)

• A) $148.00
• B) $150.50
• C) $158.40
• D) $210.00
• E) $330.00

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Definitions:

Selfish Manner

Acting with concern for one's own welfare or advantage at the expense of or without regard for others.

Agreeing

The act of sharing the same opinion or position as someone else.

Anecdotal Evidence

Evidence based on personal accounts, observations, or stories, rather than on systematic scientific evaluations.

Critical Thinking

The purpose of conducting a systematic review and evaluation of a subject to develop an opinion.