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Marquis Company Uses a Weighted-Average Perpetual Inventory System and Has

Question 109

Multiple Choice

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
 August 2 10 units were purchased at $12 per unit.  August 18 15 units were purchased at $14 per unit.  August 29 12 units were sold. \begin{array} { | l | l | } \hline \text { August 2 } & 10 \text { units were purchased at } \$ 12 \text { per unit. } \\\hline \text { August 18 } & 15 \text { units were purchased at } \$ 14 \text { per unit. } \\\hline \text { August 29 } & 12 \text { units were sold. } \\\hline\end{array}
What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)


A) $148.00
B) $150.50
C) $158.40
D) $210.00
E) $330.00

Correct Answer:

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