QUESTION 16 Binkley had 8,000 units of inventory 3/1. Their cost is $20 each. Purchases and...

QUESTION 16

Binkley had 8,000 units of inventory 3/1. Their cost is $20 each. Purchases and sales for the month were:

Date Purchases Sales

March 8 6,000 units

15 4,000 units @ $22 each

22 4,000 units @ $24 each

27 4,000 units

Cost of goods sold for the month using average cost in a periodic system was:

A.
$215,000.

B.
$204,000.

C.
$224,000.

D.
$209,600.

Expert Solution

ekkarill92 answered 2 years ago

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