A company has a beginning inventory of $40,000 and purchases during the year of $110,000. The beginning inventory consisted of 3,000 unites and 7,000 units were purchased during the year. The company has 4,000 units left at year-end. Under average -cost, what is cost of goods sold?

Answer rating: 100% (QA)

Total Cost beginning inventory purchase 40000 110 00 0 150000 Total units beginning i... View the full answer