A distributor had the following transactions: on 1/16/2020, purchased 1,100 units for $8.00 each; on 1/21/2020,...
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"A distributor had the following transactions: on 1/16/2020, purchased 1,100 units for $8.00 each; on 1/21/2020, purchased 800 units for $9.00 each; on 2/6/2020, purchased 900 units for $10.00 each; on 3/9/2020, purchased 700 units for $11.00 each; and then on 3/11/202 sold 1,900 units for $15.00 each. Under the Average Cost method, what is the COGS on this transaction? " $75.00 $125.00 $133.33 $162.50 $178.57 "A distributor had the following transactions: on 1/16/2020, purchased 1,100 units for $8.00 each; on 1/21/2020, purchased 800 units for $9.00 each; on 2/6/2020, purchased 900 units for $10.00 each; on 3/9/2020, purchased 700 units for $11.00 each; and then on 3/11/202 sold 1,900 units for $15.00 each. Under the Average Cost method, what is the COGS on this transaction? " $75.00 $125.00 $133.33 $162.50 $178.57
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Analysis Porch ases OF 1100 Units for Total 8800 r 80o eack O 800 units f... View the full answer
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
Posted Date:
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