V company uses perpetual inventory method. On January 1, 2018, V company 300 units of inventory, each unit costing 1 dollar. On January 10, 2018, the company purchased 400 units of inventory, each unit costing 1.5 dollar.

If V company uses the weighted average cost flow method to estimate the cost of inventory, what will be the cost of goods sold when selling 400 units of inventory?

Answer rating: 100% (QA)

Calculating the Cost of Goods Sold COGS using Weighted Average Cost ... View the full answer