The Following Information Relates to Inventory for Shoeless Joe Inc

question 110

Multiple Choice

The following information relates to inventory for Shoeless Joe Inc.At what amount would Shoeless report cost of goods sold using the weighted-average cost flow assumption? (Round your answer to the nearest dollar) $$\begin{array} { | l | l | c | r | } \hline \text { Date } & & \text { Quantity } & \text { Price } \\\hline \text { March 1 } & \text { Beginning Inventory } & 20 & \$ 2 \\\hline \text { March 7 } & \text { Purchase } & 15 & 3 \\\hline \text { March 11 } & \text { Sale } & 30 & 7 \\\hline \text { March 12 } & \text { Purchase } & 15 & 6 \\\hline\end{array}$$

• A)$110.
• B)$73.
• C)$70.
• D)$105.

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Definitions:

Overweight

Having more body fat than is optimally healthy, often defined by a Body Mass Index (BMI) over 25 but below 30.

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An individual's subjective evaluation of their own worth or personal value.

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An eating disorder characterized by binge eating followed by purging to avoid weight gain.

Sexual Excitement

The arousal of sexual feelings and reactions in response to stimuli, leading up to sexual intercourse.