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Sterling Supply Uses a Periodic Inventory System Cost of Goods Sold Under the Weighted-Average Method Is:
A)$281

Question 68

Multiple Choice

Sterling Supply uses a periodic inventory system.Magnum sold 25 globes during March.Other data for March includes:  Mar. 1  Balance 20@$1211 Purchased 10@1125 Purchased 10@10\begin{array} { | r | l | l | } \hline \text { Mar. 1 } & \text { Balance } & 20 @ \$ 12 \\\hline 11 & \text { Purchased } & 10 @ 11 \\\hline 25 & \text { Purchased } & 10 @ 10 \\\hline\end{array} Cost of goods sold under the weighted-average method is:


A) $281.25.
B) $155.00.
C) $180.00.
D) $168.75.

Correct Answer:

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