Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. units unit cost total cost inventory, 1/1 200 $10.

Units Unit Cost Total Cost Inventory, 1/1 200 $10.00 $2,000 Purchases 3/5 300 10.50...

70.2K

Verified Solution

Question

Accounting

Units Unit Cost Total Cost

Inventory, 1/1 200 $10.00 $2,000

Purchases

3/5 300 10.50 3,150

7/12 350 11.00 3,850

10/18 450 12.00 5,400

12/22 150 13.00 1,950

Units sold 1,100

Selling price $15/unit

Selling expense $3

Normal profit $4

Replacement cost $7.50

Cost of goods sold under the weighted average method is

a) $12,408 b) $12,000 c) $3,948 d) $12,775

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

A company issued the following semi-annual bonds:      Face amount:  $80,000      Couponrate:     8%     ...A company issued the...

Biology
1.2K views

How can we figure out how much of a phenotyps is due to genetics and...

Basic Math
1.2K views

5 There are 3 green apples and 8 red apples in a basket 6 a...

Basic Math
1.2K views

A young married couple has carefully looked at their budget After review they can afford...

Algebra
1.2K views

domain range 5 4 3 d 2 1 f 3 10 A 1 3 2...

Accounting
1.2K views

Which statement is correct? a) If a project results in a negative EBIT in certain...

Accounting
1.2K views

Adler Company budgeted the following amounts at the beginning of the year: ...

Accounting
1.2K views

The most recent monthly income statement for Sun Shine Corporation is given below: ...

Accounting
1.2K views

The manager of Calypso, Inc. is considering raising its current price of $38.00 per unit...

Accounting
1.2K views

Under IFRS Select one: a. comparative prior-period information is not required, but financial statements must...

Finance
1.2K views

Chuan and Pooh run a fund called ChuanPooh. The expected return of ChuanPooh is 14%...

Accounting
1.2K views

4. Hunter & Sons sells a single model of meat smoker for use in the...