Nordic Industries uses a periodic inventory system.During its first month of operations, Nordic Industries purchased inventory as follows:

There were 100 units in ending inventory on January 31.
-Use the information above to answer the following question.Under the weighted average cost method,what is the cost of goods sold for January?
A) $18,000
B) $20,250
C) $3,150
D) $2,250

Question

Nordic Industries uses a periodic inventory system.During its first month of operations, Nordic Industries purchased inventory as follows:
  
There were 100 units in ending inventory on January 31.
-Use the information above to answer the following question.Under the weighted average cost method,what is the cost of goods sold for January?
A) $18,000 
B) $20,250 
C) $3,150 
D) $2,250

Quizplus · Accepted Answer

The Answer of Nordic Industries uses a periodic inventory system.During its first month of operations, Nordic Industries purchased inventory as follows:
  
There were 100 units in ending inventory on January 31.
-Use the information above to answer the following question.Under the weighted average cost method,what is the cost of goods sold for January?
A) $18,000 
B) $20,250 
C) $3,150 
D) $2,250

Nordic Industries Uses a Periodic Inventory System