Use This Inventory Information for the Month of March to Answer

question 145

Multiple Choice

Use this inventory information for the month of March to answer the following question. $\begin{array}{rll}\text { Mar. }1 & \text { Beginning inventory } & 20 \text { units @ } \$ 70 \\7 & \text { Purchase } & 70 \text { units @ } \$ 80 \\18 & \text { Sale } & 25 \text { units } \\22 & \text { Purchase } & 10 \text { units @ } \$ 88 \\29 & \text { Sale } & 40 \text { units }\end{array}$ Assuming that a perpetual inventory system is used,what is cost of goods sold (rounded) under the average-cost method?

• A) $6,020
• B) $3,210
• C) $5,190
• D) $2,810

---

Definitions:

Forecast Values

Predicted numerical values based on historical data analysis, used in various industries for planning and decision-making purposes.

Uncertain Inputs

Variables in a model or decision-making process whose values are not known with certainty, often requiring risk analysis or simulation to manage.

Assumptions

Foundational ideas accepted as true without proof, used as the basis for reasoning or argument.

Crystal Ball

A predictive analytics software offering risk analysis, simulation, and forecasting functionalities, often used for project management and financial forecasting.