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Hall Novelty Shop Uses a Periodic Inventory System

Question 80

Multiple Choice

Hall Novelty Shop uses a periodic inventory system. It sold 55 balloons during April. Other data for April include: Hall Novelty Shop uses a periodic inventory system. It sold 55 balloons during April. Other data for April include:   Cost of goods sold under the weighted-average method (rounded to the nearest dollar)  is: A)  $395. B)  $705. C)  $310. D)  $165. Cost of goods sold under the weighted-average method (rounded to the nearest dollar) is:


A) $395.
B) $705.
C) $310.
D) $165.

Correct Answer:

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