The following information related to inventory for shoeless joe inc.
date quantity price...
The following information related to inventory for shoeless joe inc.
date quantity price
march 1 beginning inventory 20 $2
march 7 purchase 15 $3
march 11 sale 30 $7
march 12 purchase 15 $6
at what amount would shoeless report cost of goods sold using average costing cost flow assumptions? (round answer to nearest dollar)
a. $110
b. $73
c. $70
d. $105
e. none of the above
Answers: 3
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