Assume that J art uses a moving weighted average inventory system During the period, it sold 14 units Calculate the dollar value of its cost of goods sold for the period Jan 1 Beginning Inventory 10 $12 Jan 5 Purchase 10 $15 Jan 30 Purchase 10 $18 Feb 8 Sale 14 units x $30 each Multiple choice question $180 $420 $210 $240 Need help Review these concept resources

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Question: Assume that J-art uses a moving weighted average inventory system. During the period, it sold 14 units. Calculate the dollar value of its cost of

Assume that J-art uses a moving weighted average inventory system. During the period, it sold 14 units. Calculate the dollar value of its cost of goods sold for the period.

Jan. 1	Beginning Inventory	10 @ $12
Jan. 5	Purchase	10 @ $15
Jan. 30	Purchase	10 @ $18
Feb. 8	Sale	14 units x $30 each

Multiple choice question.

$180

$420

$210

$240

Need help? Review these concept resources.

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