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

question 54

Multiple Choice

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

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

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Definitions:

Direct Approach

A straightforward method of communication where the main point is presented at the beginning of the message.

Negative News

Information or reports that convey unfavorable, adverse, or undesirable outcomes or situations.

Routine

A set of habitual or fixed procedures and practices, typically followed to accomplish tasks or maintain productivity.

Minor

Constituting a smaller or less important part; of lesser seriousness or significance.