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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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
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