Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 29 units were purchased at $10 per unit. 34 units were purchased at $12 per unit. 31 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.)
Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 29 units were purchased at $10 per unit. 34 units were purchased at $12 per unit. 31 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.)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 12RE: Carla Company uses the perpetual inventory system. The following information is available for...
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![Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
August 2
29 units were purchased at $10 per unit.
August 18
34 units were purchased at $12 per unit.
August 29
31 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.)
Multiple Choice
$316.50
$408.00
$314.00
$343.48
$698.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff4107f11-0fe6-412a-b36a-30ff02a33a5e%2F962dc388-201a-4a83-9b31-389f271803ec%2Fv8gumr7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
August 2
29 units were purchased at $10 per unit.
August 18
34 units were purchased at $12 per unit.
August 29
31 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.)
Multiple Choice
$316.50
$408.00
$314.00
$343.48
$698.00
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