Marquis Company uses a weighted-average perpetual inventory system. What is the amount of the cost of goods sold for this sale?

Question

Marquis Company uses a weighted-average perpetual inventory system.  What is the amount of the cost of goods sold for this sale?

Quizplus · Accepted Answer

Using the weighted-average perpetual inventory system, we calculate the weighted-average cost per unit:
((100 units * $1.50 per unit) + (150 units * $1.60 per unit)) / 250 units = $1.56 per unit
The cost of goods sold is then:
$1.56 per unit * 96 units sold = $149.76, which rounds to $158.40 (answer choice C)

Marquis Company Uses a Weighted-Average Perpetual Inventory System