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A company has the following inventory information and uses the periodic system: May 1 Beginning Inventory 18 units at $3
Posted: Thu May 19, 2022 12:39 pm
by answerhappygod
- A Company Has The Following Inventory Information And Uses The Periodic System May 1 Beginning Inventory 18 Units At 3 1 (30.06 KiB) Viewed 54 times
A
company has the following inventory information and uses the periodic system: May 1 Beginning Inventory 18 units at $3 each May 4 Purchase 11 units at $4 each May 7 Sale 24 units The
company uses the weighted - average method of inventory costing. What is the cost of goods sold and the ending merchandise inventory? O A. COGS $97.92; Merchandise Inventory $20.40 OB. COGS $16.90; Merchandise Inventory $81.12 OC. COGS $20.40; Merchandise Inventory $97.92 OD. COGS $81.12; Merchandise Inventory $16.90