A client is using and tracking inventory on hand. Last week, they just started buying and selling widgets. They rst purchased 5 widgets at $10 each and then purchased another5 at $15 each during the week. Today, they're selling a few widgets What would the cost of goods sold be? - $10 each because that's the rst cost they paid - $15 each because that's the last cost they paid - $12.50 each because that's an average of what they paid - It depends on how many widgets are being sold