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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Definitions:

Act Deontology

Ethical theory suggesting actions are morally right or wrong based on adherence to specific rules, rather than consequences.

Moral Principles

Fundamental beliefs regarding right and wrong that guide behavior and decision-making processes.

Utilitarianism

An ethical theory suggesting that the best action is the one that maximizes utility, usually defined as that which produces the greatest well-being of the greatest number of people.