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.) Jun 22 Sale 40 units
-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.)  Jun 22 Sale 40 units
-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.)  Jun 22 Sale 40 units
-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