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Inventory records for ABC Company revealed the following: Date Transaction Number of Units Unit...

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Question

Accounting

Inventory records for ABC Company revealed the following:
Date Transaction Number of Units Unit Cost
March 1 Beginning Inventory 1,090 $ 7.16
March 10 Purchase 6007.33
March 16 Purchase 8307.48
March 23 Purchase 5607.65
ABC sold 2,000 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost?
Note: Round the weighted-average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.
Group of answer choices
$14,660
$14,320
$14,810
$14,737

Answer & Explanation Solved by verified expert
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