Use the following information to answer:
The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of He Company:

-Using the perpetual , what amount would be reported by He Company for Cost of Goods sold for the month of May?

Question

Use the following information to answer:
The following data regarding purchases and sales of a commodity were taken from the perpetual inventory account of He Company:
 
-Using the perpetual , what amount would be reported by He Company for Cost of Goods sold for the month of May?

Quizplus · Accepted Answer

(25 x $120) + (20 x $123) + (10 x $126) = $6,720

Use the Following Information to Answer