Question: QUESTION 19 10 points Save Answer Consider the following inventory transactions for September: Beginning inventory Purchase on September 12 Purchased on September 23 15 units@$3.00
QUESTION 19 10 points Save Answer Consider the following inventory transactions for September: Beginning inventory Purchase on September 12 Purchased on September 23 15 units@$3.00 20 units @$3.50 10 units@$4.00 For the month of September, the company sold 35 units. What is cost of goods sold under the weighted-average cost method (round the weighted-average unit cost to four decimals and final answer to the nearest whole dollar)? O $121 $116. O $124 $131 QUESTION 20 10 points Save Answer Consider the following year-end information for Spitzer Corporation: Cost of goods sold $420,000 Sales revenue 800,000 Nonoperating expenses 10,000 Operating expenses 170,000 Income tax expense 80,000 What amount will Spitzer report for operating income? O $200,000. O $210,000. O $380.000. O $120,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
