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What the amount of cost of goods sold appearing

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Kendall Company uses the perpetual inventory methodand had 5 units that cost $0.75 on January 1, 2021. On January 15, Kendall purchased 100 units of inventory that cost $1.00 each. On January 10, 2021, the company purchased an additional 400 units of inventory that cost $1.50 each.

Problem 1: If Kendall uses the weighted average cost flow method and sells 300 units of inventory, the amount of cost of goods sold appearing on the income statement will be ?

Reference no: EM132879181

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