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Santa Fe Tile Company Had the Following Inventory Purchases and Sales

Question 140

Multiple Choice

Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. Santa Fe Tile Company had the following inventory purchases and sales during the month of May. The company uses the periodic inventory method. If Santa Fe uses average- cost, how much was the Cost of sales for the month? A) $1 400 B) $1 615 C) $1 380 D) $1 850 If Santa Fe uses average- cost, how much was the Cost of sales for the month?


A) $1 400
B) $1 615
C) $1 380
D) $1 850

Correct Answer:

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