Uno Ltd Uses a Periodic Inventories System and Rounds the Average

question 14

Multiple Choice

Uno Ltd uses a periodic inventories system and rounds the average unit cost to the nearest dollar. The following data relates to Uno Ltd for the year ended 30 June 2014.

The cost of goods sold for the year using the weighted average method is:

• A) $1528.
• B) $1734.
• C) $1425.
• D) $1984.