Carver Co., a retailer, uses the perpetual inventory method. Carver uses the moving-average method to...
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Accounting
Carver Co., a retailer, uses the perpetual inventory method. Carver uses the moving-average method to determine the value of its inventory. The following information relates to inventory transactions that took place during the month of March:
1-Mar Beginning inventory 30,000 units at $10
5-Mar Purchase 10,000 units at $12
10-Mar Sales at $20 per unit 20,000 units
20-Mar Purchase 20,000 units at $13
What amount should Carver report as cost of goods sold on its income statement at the end of March? $210,000
$260,000
$240,000
$200,000
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