Given the Following Information, Determine the Cost of Goods Sold

question 62

Multiple Choice

Given the following information, determine the cost of goods sold at December 31 using the weighted average periodic 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)$290.70
• D)$284.70
• E)$210.30

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Definitions:

Totally Conscious

Being fully aware and responsive to one's surroundings and mental processes.

Manipulative

Describing behavior that is skilful at influencing or controlling others to one's own advantage, often in a deceitful or unfair way.

Intellectualization

Intellectualization is a defense mechanism where reasoning is used to block confrontation with an unconscious conflict and its associated emotional stress.

Sublimation

A defense mechanism in which socially unacceptable impulses are transformed into socially acceptable actions or behavior.