Marquis company uses a weighted-average perpetual inventory system. august 2, 13 units were purchased at $4 per unit. august 18, 18 units were purchased at $6 per unit. august 29, 15 units were sold. what is the amount of the cost of goods sold for this sale?

Question

Axel Ross

Business

1 March, 19:50

Marquis company uses a weighted-average perpetual inventory system. august 2, 13 units were purchased at $4 per unit. august 18, 18 units were purchased at $6 per unit. august 29, 15 units were sold. what is the amount of the cost of goods sold for this sale?

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Answers (1)

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Jimmy Schwartz · Answer 1

250

Explanation:

total cost = unit cost x units

there are different unit costs every day shown apart from august 29, i used the latest date of 6 dollars per unit instead.

13 x 4 + 18 x 6 + 15 x 6 = 250