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Unit Cost Units You sell 100 units in $2.00 June. Calculate the cost of goods sold using cost averaging. Received June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26

Unit Cost Units You sell 100 units in $2.00 June. Calculate the cost of goods sold using cost averaging. Received June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Units Unit You sell 100 units in Received Cost $2.00 June. Calculate the cost of goods sold using cost averaging. June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26 gright 200g-2022 International Academy of Seience. All Rights Reserved.
Transcribed Image Text:Units Unit You sell 100 units in Received Cost $2.00 June. Calculate the cost of goods sold using cost averaging. June 4 70 June 11 30 $3.00 June 18 60 $2.10 June 25 40 $2.40 A. $2.22 B. $2.10 C. $2.30 D. $2.26 gright 200g-2022 International Academy of Seience. All Rights Reserved.
Expert Solution
Step 1
  Units Unit cost Units × unit cost
June 4 70 $2 $140
June 11 30 $3 $90
June 18 60 $2.1 $126
June 25 40 $2.4 $96
Total 200   $452
       
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