Marvin sold 2,300 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)
A) $5,087.
B) $5,107.
C) $5,077.
D) $5,005.
Answer: $5,087.
Marvin sold 2,300 units of inventory during the month. Ending inventory assuming FIFO would be:
A) $5,140.
B) $5,080.
C) $5,060.
D) $5,050.
Answer: $5,140.
Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be:
A) $16,800.
B) $16,760.
C) $16,540.
D) $16,660.
Answer: $16,660.
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