Alana's Clothing Store sells jeans.During January 2014,its inventory records for one brand of designer jeans were as follows:

-See information for Alana's Clothing Store above.Using this information,the cost of goods sold using the average cost method is

Question

Alana's Clothing Store sells jeans.During January 2014,its inventory records for one brand of designer jeans were as follows:
 
-See information for Alana's Clothing Store above.Using this information,the cost of goods sold using the average cost method is

Quizplus · Accepted Answer

The average cost method calculates the cost of goods sold by taking the total cost of inventory available for sale and dividing it by the total units available for sale to find the average cost per unit. This average cost is then multiplied by the number of units sold to find the cost of goods sold.

Alana's Clothing Store Sells Jeans