What would be the company''s cost of goods sold in dollars

Reference no: EM133360360

Our company had the following balances and transactions during the current year related to merchandise inventory.

Beginning merchandise inventory on January 1	120 units at $70 per unit
Purchase on February 14	100 units at $85 per unit
Sale on August 21	150 units

Question: What would be the company's cost of goods sold in dollars on December 31 if the company used perpetual, weighted average (WA) costing method?

Reference no: EM133360360

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