RJ Corporation has provided the following information about one of its inventory items: Number of Cost per Units 440 840 Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase. Purchase Purchase Multiple Choice 1,240 840 During the year, RJ sold 3,160 units. What was cost of goods sold using the average cost flow assumption? Note: Do not round intermediate calculations. $12,277,352, Unit $3,240 $3,640 $4,040 $4,240
RJ Corporation has provided the following information about one of its inventory items: Number of Cost per Units 440 840 Date 1/1 6/6 9/10 11/15 Transaction Beginning Inventory Purchase. Purchase Purchase Multiple Choice 1,240 840 During the year, RJ sold 3,160 units. What was cost of goods sold using the average cost flow assumption? Note: Do not round intermediate calculations. $12,277,352, Unit $3,240 $3,640 $4,040 $4,240
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter6: Cost Of Goods Sold And Inventory
Section: Chapter Questions
Problem 24CE: Inventory Costing: Average Cost Refer to the information for Filimonov Inc. and assume that the...
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![RJ Corporation has provided the following information about one of its inventory items:
Date
1/1
6/6
9/10
11/15
Transaction
Beginning Inventory
Purchase
Purchase
Purchase
During the year, RJ sold 3,160 units.
Multiple Choice
$12,277,352.
Number of Cost per
Units
440
840
$12,406,400.
1,240
840
What was cost of goods sold using the average cost flow assumption?
Note: Do not round intermediate calculations.
Unit
$3,240
$3,640
$4,040
$4,240](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fca61a7-5ba6-4ee8-913f-3944636f5ce1%2Fa8fd94ef-b9c0-4c7f-97db-ef372161307f%2Fg21p7mk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:RJ Corporation has provided the following information about one of its inventory items:
Date
1/1
6/6
9/10
11/15
Transaction
Beginning Inventory
Purchase
Purchase
Purchase
During the year, RJ sold 3,160 units.
Multiple Choice
$12,277,352.
Number of Cost per
Units
440
840
$12,406,400.
1,240
840
What was cost of goods sold using the average cost flow assumption?
Note: Do not round intermediate calculations.
Unit
$3,240
$3,640
$4,040
$4,240
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