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 weighted-average method, what amount would be reported for cost of goods sold on He Company's Income Statement for May (rounded to the nearest dollar)?

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 weighted-average method, what amount would be reported for cost of goods sold on He Company's Income Statement for May (rounded to the nearest dollar)?

Quizplus · Accepted Answer

(20 x $120.00) + (10 x $122.40) + (25 x $124.46) = $6,735.50 = $6,736
 11ee7640_e1e3_04e2_90da_536bf200b5ee_TBCB1007_00 *Rounded

Use the Following Information to Answer