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

Question 91

Multiple Choice

Use this information to answer the following question.  Jan. 1 Inventory 8 Purchase 17 Purchase 25 Purchase  Total sales 15 units@$4.00 60 units @$4.4030 units @$4.2045 units @$4.80100 units \begin{array}{rll}\text { Jan. } & 1 & \text { Inventory } \\& 8 & \text { Purchase } \\&17 & \text { Purchase } \\&25 & \text { Purchase } \\&& \text { Total sales }\end{array}\begin{array}{l}15 \text { units@\$4.00 } \\60 \text { units } @ \$ 4.40 \\30 \text { units } @ \$ 4.20 \\45 \text { units } @ \$ 4.80\\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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