Question: The activity for a specific inventory item for the month of March was as follows: Units Unit Cost $25 Total Cost $750 March 1 inventory
The activity for a specific inventory item for the month of March was as follows: Units Unit Cost $25 Total Cost $750 March 1 inventory 30 Purchases: March 5 3,600 March 10 2,800 March 15 3,600 Goods Available for Sale $10.750 Sales: March 11 140 100 March 19 240 Using weighted average cost under a perpetual inventory system, what is the amount of Cost of Goods Sold (round intermediate and final calculations to the nearest dollar) recorded on March 11
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