Given the Following Information,determine the Cost of Goods Sold at December

question 164

Multiple Choice

Given the following information,determine the cost of goods sold at December 31 using the Weighted Average perpetual inventory method.
December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit
December 15: 20 units were purchased at $10.15 per unit
December 22: 18 units were sold at $35 per unit

• A)$282.15
• B)$332.10
• C)$281.25
• D)$290.70
• E)$210.30

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Definitions:

Sustainable Activities

Actions and practices that do not deplete resources or harm natural cycles, ensuring long-term environmental balance.

Shareholders

Individuals or entities that own shares in a corporation, making them partial owners of the company with rights to dividends and voting in corporate matters.

CEO's Pay

The compensation package awarded to the chief executive officer of a corporation, including salary, bonuses, and stock options.

Short-termism

A focus on short-term results at the expense of long-term interests.