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Calculate the cost of goods sold

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Question - SeCo begins operations in 20X6 and uses the periodic method and weighted-average costing. SeCo has the following merchandise purchases during 20X6: 700 units in March @ $4; 1,100 units in July @ $6; and 2,200 units in October @ $7. A physical count of ending inventory finds 1,000 units. Calculate the cost of goods sold.

a. $6,200

b. $7,000

c. $18,600

d. $24,000

Reference no: EM132768932

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