Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: 24 units were purchased at $5 per unit. 29 units were purchased at $7 per unit. 26 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) August 2 August 18 August 29 Multiple Choice $323.00 $203.00 $134.00 $158.34 $136.50

Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: 24 units were purchased at $5 per unit. 29 units were purchased at $7 per unit. 26 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) August 2 August 18 August 29 Multiple Choice $323.00 $203.00 $134.00 $158.34 $136.50

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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