Inventory records for Marvin Company revealed the following: Number Unit Transaction of Units Date Cost Mar....

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Inventory records for Marvin Company revealed the following: Number Unit Transaction of Units Date Cost Mar. 1 Beginning inventory 1,020 $7.13 Mar.10 Purchase 580 7.28 Mar.16 Purchase 850 7.42 Mar.23 Purchase 550 7.65 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.) Multiple Choice $14,673. $14,740. $14,260. Mar.10 Purchase 580 7.28 Mar.16 Purchase 850 7.42 Mar.23 Purchase 550 7.65 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.) Multiple Choice $14,673. $14.740. $14,260 $14,560. Inventory records for Marvin Company revealed the following: Number Unit Transaction of Units Date Cost Mar. 1 Beginning inventory 1,020 $7.13 Mar.10 Purchase 580 7.28 Mar.16 Purchase 850 7.42 Mar.23 Purchase 550 7.65 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.) Multiple Choice $14,673. $14,740. $14,260. Mar.10 Purchase 580 7.28 Mar.16 Purchase 850 7.42 Mar.23 Purchase 550 7.65 Marvin sold 2,000 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Do not round your intermediate calculations and round your final answer to nearest dollar amount. Round weighted-average unit cost to 4 decimals if necessary.) Multiple Choice $14,673. $14.740. $14,260 $14,560.

Answer rating: 100% (QA)

Solution The correct answer is 14673 Explanation Total Units 1020 580 850 550 Total Units 3000 C... View the full answer