The Jeter Company uses the perpetual inventory system and the average cost formula to value inventories. On August 1, there were 5,000 units valued at $15,000 in the beginning inventory. On August 10, 10,000 units were purchased for $6 per unit. On August 15, 8,000 units were sold for $12 per unit. The amount charged to cost of goods on August 15 was
A) $35,000.
B) $40,000.
C) $48,000.
D) $36,000.

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The Answer of The Jeter Company uses the perpetual inventory system and the average cost formula to value inventories. On August 1, there were 5,000 units valued at $15,000 in the beginning inventory. On August 10, 10,000 units were purchased for $6 per unit. On August 15, 8,000 units were sold for $12 per unit. The amount charged to cost of goods on August 15 was
A) $35,000.
B) $40,000.
C) $48,000.
D) $36,000.

The Jeter Company Uses the Perpetual Inventory System and the Average