Inventory records for Eliza Company revealed the following Number of Units 1,060 560 860 510 Date March 1 Beginning Inventory March 10 Purchase March 16 Purchase March 23 Purchase Multiple Choice Eliza sold 2.200 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.) O Transaction. O $16.258 $16.165 $10.000 Unit Cost $7.13 7.30 7.45 7.68 $15.000
Inventory records for Eliza Company revealed the following Number of Units 1,060 560 860 510 Date March 1 Beginning Inventory March 10 Purchase March 16 Purchase March 23 Purchase Multiple Choice Eliza sold 2.200 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted average unit cost to 4 decimals if necessary and round your final answer to nearest whole dollar.) O Transaction. O $16.258 $16.165 $10.000 Unit Cost $7.13 7.30 7.45 7.68 $15.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Inventory records for Eliza Company revealed the following
Date
March 1 Beginning Inventory
March 10
Purchase
March 16
Purchase
March 23
Purchase
Multiple Choice
O
Transaction.
Eliza sold 2.200 units of inventory during the month. What is the cost of goods sold assuming weighted-average cost? (Round the weighted-average unit cost
to 4 decimals if necessary and round your final answer to nearest whole dollar.)
O
$16.258
$16,165
$10.000
Number of
Units
1,060
560
860
510
$15.000
Unit Cost
$7.13
7.30
7.45
7.68
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