Use This Inventory Information for the Month of March to Answer

question 63

Multiple Choice

Use this inventory information for the month of March to answer the following question. $\begin{array}{rlll}\text { Mar. } &1& \text { Beginning inventory } & 20 \text { units @ } \$ 76 \\&7 & \text { Purchase } & 70 \text { units @ } \$ 80 \\&18 & \text { Sale } & 25 \text { units } \\&22 & \text { Purchase } & 10 \text { units @ } \$ 88 \\&29 & \text { Sale } & 40 \text { units }\end{array}$

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

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Definitions:

-pnea

A suffix used in medical terms to denote a condition related to breathing, such as apnea (absence of breathing) or dyspnea (difficulty breathing).

Prefix

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-rrhea

A suffix used in medical terminology indicating a flow or discharge of a particular substance.

-pathy

A suffix used in medical terminology to denote a disorder or disease of a specified type or location.