A business purchases 4 units of inventory on the 10th January for $600 each and...
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Accounting
A business purchases 4 units of inventory on the 10th January for $600 each and a further 6 units of inventory on 15th January for $650 each. The business sells 5 units on the 20th January. If the business uses the weighted average method for inventory valuation, what will be recorded as the Cost of Goods Sold for the sale of the 5 units on 20th January?
a. $3,050
b. $3,150
c. $3,000
d. $3,250
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