The following information relates to inventory for Shoeless Joe Inc. $$\begin{array} { l l c c }
\text { Date } & & \text { Quantity } & \text { Price } \
\text { March 1 } & \text { Beginning Inventory } & 20 & \$ 2 \
\text { March 7 } & \text { Purchase } & 15 & 3 \
\text { March 11 } & \text { Sale } & 30 & 7 \
\text { March 12 } & \text { Purchase } & 15 & 6
\end{array}$$ At what amount would Shoeless report cost of goods sold using the weighted-average cost flow assumption? (Round your answer to the nearest dollar)

Question

The following information relates to inventory for Shoeless Joe Inc. $$\begin{array} { l l c c } 
\text { Date } & & \text { Quantity } & \text { Price } \
\text { March 1 } & \text { Beginning Inventory } & 20 & \$ 2 \
\text { March 7 } & \text { Purchase } & 15 & 3 \
\text { March 11 } & \text { Sale } & 30 & 7 \
\text { March 12 } & \text { Purchase } & 15 & 6
\end{array}$$ At what amount would Shoeless report cost of goods sold using the weighted-average cost flow assumption? (Round your answer to the nearest dollar)

Quizplus · Accepted Answer

The Answer of The following information relates to inventory for Shoeless Joe Inc. $$\begin{array} { l l c c } 
\text { Date } & & \text { Quantity } & \text { Price } \
\text { March 1 } & \text { Beginning Inventory } & 20 & \$ 2 \
\text { March 7 } & \text { Purchase } & 15 & 3 \
\text { March 11 } & \text { Sale } & 30 & 7 \
\text { March 12 } & \text { Purchase } & 15 & 6
\end{array}$$ At what amount would Shoeless report cost of goods sold using the weighted-average cost flow assumption? (Round your answer to the nearest dollar)

The Following Information Relates to Inventory for Shoeless Joe Inc