Use the following information to answer:
The following represents the inventory of Moonlight Company for the month of January:

-Calculate Moonlight Company's Cost of Goods Sold using Periodic Weighted-Average for the month of January (rounded to the nearest dollar).

Question

Use the following information to answer:
The following represents the inventory of Moonlight Company for the month of January:
 
-Calculate Moonlight Company's Cost of Goods Sold using Periodic Weighted-Average for the month of January (rounded to the nearest dollar).

Quizplus · Accepted Answer

(10 x $80) + (25 x $92) + (50 x $104) + (15 x $116) = $10,040
Average unit cost at month end = $10,040 / 100 = $100.40
80 Units x $100.40 = $8,032

Use the Following Information to Answer