Consider the Following Inventory Transactions for September: Beginning Inventory $\quad 15$

question 147

Multiple Choice

Consider the following inventory transactions for September: Beginning inventory $\quad 15$ units @ $3.00
Purchase on September $12 \quad 20$ units @ $3.50
Purchased on September $23 \quad 10$ units $@ \$ 4.00$ For the month of September, the company sold 35 units. What is the cost of good sold under the weighted-average cost method (round the weighted-average unit cost to four decimals if necessary) ?

• A) $121.
• B) $116.
• C) $124.
• D) $131.

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Definitions:

Zinc-Brass

An alloy predominantly made of copper and zinc, used in a variety of decorative and practical applications for its resilience and finish.

Terracotta

A type of earthenware, a clay-based unglazed or glazed ceramic, where the fired body is porous, commonly used for sculptures and pottery.

Sandstone

A sedimentary rock composed mainly of sand-sized mineral particles or rock fragments, often used in building construction.

Laocoön

This term refers to a Trojan priest of Poseidon in Greek mythology, who warned against accepting the Greek wooden horse, and to the famous ancient sculpture depicting Laocoön and his sons being attacked by sea serpents.