This company began the month of April with 30 units of inventory costing $10 per...
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Accounting
This company began the month of April with 30 units of inventory costing $10 per unit on hand. During April, the following inventory purchases were made:
Date Units Units Cost Total Cost
April 2 60 $11 $660
April 10 50 $12 $600
April 17 40 $13 $520
April 24 45 $14 $630
During April, the company sold 110 units of its product at $20 per unit.
Determine the value of Cost of Goods Sold using the Average Cost Method of inventory valuation
A) $2200
B) $1325
C) $1178
D) $1445
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