Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Date August 2 August 18 August 29 Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $28 = $280 Units Sold at Retail 15 units @ $30 = $450 12 units sold What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: Date August 2 August 18 August 29 Activities Purchase Purchase Sales Units Acquired at Cost 10 units @ $28 = $280 Units Sold at Retail 15 units @ $30 = $450 12 units sold What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.)

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 4BE: Beginning inventory, purchases, and sales for WCS12 are as follows: Assuming a perpetual inventory...

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