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 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.)  Jun 22 Sale 40 units
-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 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 10 sale is
A) $545.60. 
B) $549.96. 
C) $550.00. 
D) $557.75.

Use the Following Information for the Month of June for Questions