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In: Accounting

The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19...

The inventory data for an item for November are:

Nov. 1 Inventory 20 units at $19
4 Sold 10 units
10 Purchased 30 units at $20
17 Sold 20 units
30 Purchased 10 units at $22

Using a perpetual system, what is the cost of the goods sold for November if the company uses the weighted average cost method?

a. $590

b. $610

c. $585

d. $575

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ekkarill92 answered 3 years ago
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