A Company Purchased 130 Units for $20 Each on January

question 187

Multiple Choice

A company purchased 130 units for $20 each on January 31.It purchased 200 units for $35 each on February 28.It sold 200 units for $80 each from March 1 through December 31.If the company uses the weighted-average inventory costing method,calculate the amount of Cost of Goods Sold on the income statement for the year ending December 31.(Assume the company uses the perpetual inventory system.Round any intermediate calculations two decimal places,and your final answer to the nearest dollar.)

• A) $9,600
• B) $5,818
• C) $2,600
• D) $7,000

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PLC System

Programmable Logic Controllers (PLCs) are specialized computers used to control industrial and mechanical processes, integrating various sensors and output devices to automate tasks.

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