Guess Clothing Store sells jeans.  During January 2022, its inventory records for one brand of designer jeans were as follows: Beginning Inventory                   10 pairs  @  P20   = P200 January 6 Purchase                      4 pairs  @   25    =  100 January 10 Sale                            5 pairs January 15 Purchase                    7 pairs   @  30    =   210 January 20 Sale                          10 pairs January 25 Purchase                    4 pairs    @ 30     =  120  How much is the Cost of Goods Sold using Average Cost Periodic?   a. 378 b. 358 c. 265 d. 236

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Guess Clothing Store sells jeans.  During January 2022, its inventory records for one brand of designer jeans were as follows:

Beginning Inventory                   10 pairs  @  P20   = P200
January 6 Purchase                      4 pairs  @   25    =  100
January 10 Sale                            5 pairs
January 15 Purchase                    7 pairs   @  30    =   210
January 20 Sale                          10 pairs
January 25 Purchase                    4 pairs    @ 30     =  120

 How much is the Cost of Goods Sold using Average Cost Periodic?
 
a. 378
b. 358
c. 265
d. 236
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