Axme Corporation Uses a Weighted-Average Perpetual Inventory System

question 5

Multiple Choice

Axme Corporation uses a weighted-average perpetual inventory system. August 2, 10 units were purchased at $12 per unit.
August 18, 15 units were purchased at $14 per unit.
August 29, 12 units were sold.
What was the amount of the cost of goods sold for this sale?

• A) $148.00.
• B) $150.50.
• C) $158.40.
• D) $210.00.
• E) $330.00.

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