Lionworks Enterprises had the following inventory data:

Assuming average cost,what is the cost of goods sold for the July 14 sale?

Question

Lionworks Enterprises had the following inventory data:

Assuming average cost,what is the cost of goods sold for the July 14 sale?

Quizplus · Accepted Answer

Unfortunately, the inventory data provided is not sufficient to calculate the cost of goods sold. We need additional information such as the quantity and cost of each item sold during the July 14 sale. Therefore, none of the given answer choices can be considered the best choice.

Lionworks Enterprises Had the Following Inventory Data