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

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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
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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