Berring Sales uses the average-cost method.The partially completed inventory record for January appears below. On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record and calculate the Cost of goods sold for the month of January.(Please round to the nearest whole dollar.)

Question

Berring Sales uses the average-cost method.The partially completed inventory record for January appears below.  On January 14,the company sold 10 units.On January 29,the company sold 50 units.
-Complete the inventory record and calculate the Cost of goods sold for the month of January.(Please round to the nearest whole dollar.)

Quizplus · Accepted Answer

A) Calculations: 10 × $4.15 + 50 × $4.02 = $243

Berring Sales Uses the Average-Cost Method