Inventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 1,080 $ 7.11 March 10 Purchase 580 7.30 March 16 Purchase 870 7.46 March 23 Purchase 540 7.65 Eliza sold 2,000 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? ( 4 decimals if necessary and round your final answer to nearest whole dollar.) Multiple Choice О $14,600 $14,760 $14,220 $14,680

Inventory records for Eliza Company revealed the following: Number of Date Transaction Units Unit Cost March 1 Beginning Inventory 1,080 $ 7.11 March 10 Purchase 580 7.30 March 16 Purchase 870 7.46 March 23 Purchase 540 7.65 Eliza sold 2,000 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? ( 4 decimals if necessary and round your final answer to nearest whole dollar.) Multiple Choice О $14,600 $14,760 $14,220 $14,680

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter6: Cost Of Goods Sold And Inventory

Section: Chapter Questions

Problem 27CE: Inventory Analysis Singleton Inc. reported the following information for the current year: Required:...

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