15. JB Adams Inc. had the following purchase transactions in May Date...
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Accounting
15. JB Adams Inc. had the following purchase transactions in May
Date of Purchase | Number of Units | Cost per Unit | Total Cost |
May 5 | 500 | $4 | $2,000 |
May 10 | 700 | $6 | $4,200 |
May 15 | 400 | $4.50 | 1,800 |
Adams sells 800 units on May 20 and uses the Weighted Average method of inventory costing. What is Adams' Cost of Goods Sold?
Group of answer choices
a. 4,000
b. 4,200
c. 3,200
d. 3,800
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