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:

Contiguity Principle

A concept in education psychology suggesting that the closer in time two events are, the stronger the association between them.

Multimedia Principle

The educational theory that people learn better from words and pictures together than from words alone.

Sales Sequence

Sales Sequence involves the steps or stages in a sales process, from initial contact with a potential customer to closing the sale, designed to maximize effectiveness and efficiency.

Online and Distance Education

Educational programs that are delivered remotely, allowing students to access learning materials from any location via the internet.