Use the following information for the month of June for questions
XYZ Inc.uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)

-The cost of goods sold for the June 8 sale is
A)$1,480.00.
B)$1,505.00.
C)$1,527.68.
D)$1,540.00.

Question

Use the following information for the month of June for questions 
XYZ Inc.uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)
 
-The cost of goods sold for the June 8 sale is
A)$1,480.00. 
B)$1,505.00. 
C)$1,527.68. 
D)$1,540.00.

Quizplus · Accepted Answer

The Answer of Use the following information for the month of June for questions 
XYZ Inc.uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)
 
-The cost of goods sold for the June 8 sale is
A)$1,480.00. 
B)$1,505.00. 
C)$1,527.68. 
D)$1,540.00.

Use the Following Information for the Month of June for Questions