Use the information below to answer the following questions:
A company purchases and sells Roofoo. It began last year with 5 units of Roofoo on hand at a cost of $10 each, and during the year its purchases and sales were as follows:
-What was the value of cost of goods sold of Roofoo,using the annual weighted average in a periodic inventory system?
A) $131
B) $140
C) $170
D) $400.73.
Correct Answer:
Verified
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