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What is the value of cost of goods sold

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Reference no: EM132708481

Question - A company had the following purchases and sales during its first month of operations:

January 1 Purchased 10 units at $4.00 per unit

January 9 Sold 6 units at $12.00 per unit

January 17 Purchased 8 units at $5.50 per unit

January 27 Sold 7 units at $12.00 per unit

Using the Perpetual weighted average method, what is the value of cost of goods sold?

a. $40.00.

b. $59.00.

c. $25.00.

d. $24.00.

e. $23.35.

Reference no: EM132708481

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