Inventory records for Dunbar Incorporated revealed the following:
Dunbar sold 700 units of inventory during the month.Cost of goods sold assuming weighted-average cost would be (round weighted-average unit cost to four decimals if necessary):

Question

Quizplus · Accepted Answer

Weighted-average unit cost = $2.4444 ($4,299.96 / 1,760 units)Cost of goods sold = 700 units * $2.4444 = $1,711.08

Inventory Records for Dunbar Incorporated Revealed the Following