Alegre, Corp. reported beginning inventory of 500 units that cost $95 each on January 1, 2022. They purchased an additional 1,750 units for $110 per unit on January 5 and 1,100 units on January 11 for $116 per unit. On January 7, they sold 1,238 units and on January 19 they sold an additional 1,552 units.

 If Alegre, Corp. uses a periodic Average Cost inventory system, 

what will be the company's Cost of Goods Sold (COGS) for the month of January?

Answer rating: 100% (QA)

To calculate the cost of goods sold COGS for the month of January using the periodic average cost in... View the full answer