Uno Ltd uses a periodic inventories system and rounds the average unit cost to the nearest dollar. The following data relates to Uno Ltd for the year ended 30 June 2014.

The cost of goods sold for the year using the weighted average method is:
A) $1528.
B) $1734.
C) $1425.
D) $1984.

Question

Uno Ltd uses a periodic inventories system and rounds the average unit cost to the nearest dollar. The following data relates to Uno Ltd for the year ended 30 June 2014.

The cost of goods sold for the year using the weighted average method is:
A) $1528. 
B) $1734. 
C) $1425. 
D) $1984.

Quizplus · Accepted Answer

The Answer of Uno Ltd uses a periodic inventories system and rounds the average unit cost to the nearest dollar. The following data relates to Uno Ltd for the year ended 30 June 2014.

The cost of goods sold for the year using the weighted average method is:
A) $1528. 
B) $1734. 
C) $1425. 
D) $1984.

Uno Ltd Uses a Periodic Inventories System and Rounds the Average