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Use This Information to Answer the Following Question A Periodic Inventory System Is Used

Question 86

Multiple Choice

Use this information to answer the following question.  Jan. 1 Inventory 15 units @ $4.008 Purchase 60 units @$4.4017 Purchase 30 units @$4.2025 Purchase 45 units @ $8.40 Total sales 100 units \begin{array}{llll}\text { Jan. } & 1 & \text { Inventory } &15 \text { units @ } \$4.00 \\& 8 & \text { Purchase } & 60 \text { units } @ \$ 4.40\\&17 & \text { Purchase } & 30 \text { units } @ \$ 4.20 \\&25 & \text { Purchase } & 45 \text { units @ } \$ 8.40 \\&&\text { Total sales }& 100 \text { units }\end{array}

A periodic inventory system is used.
Cost of goods sold under the average-cost method is


A) $444.
B) $333.
C) $435.
D) $222.

Correct Answer:

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