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 10 sale is
A)$545.60.
B)$549.96.
C)$550.00.
D)$557.75.

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 10 sale is
A)$545.60. 
B)$549.96. 
C)$550.00. 
D)$557.75.

Quizplus · Accepted Answer

The correct cost of goods sold must be calculated based on the specific details provided in the question, which are not visible here. However, the choice B ($549.96) is identified as the correct answer based on the calculation that would typically involve inventory valuation methods such as FIFO, LIFO, or weighted average, depending on the context given.

Use the Following Information for the Month of June for Questions