RZM Store sells jeans. During January 2014, its inventory records for one brand of designer jeans were as follows: The cost of goods sold using the periodic average cost method is:
Quantity Price per pair Total
Beginning Inventory 10 pairs $20 $200
January 6 Purchase 4 pairs $25 $100
January 10 Sale 5 pairs N/A
January 15 Purchase 7 pairs $30 $210
January 20 Sale 10 pairs N/A
January 25 Purchase 4 pairs $30 $120
The cost of goods sold using the periodic average cost method is:
a) $358 b) $378 c) $265 d) $236
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RZM Store sells jeans. During January 2014, its inventory records for one brand of designer jeans we...
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