The following information relates to inventory for Shoeless Joe Inc.
Date Quantity Price
Mar Beginning Inventory 20 $ 2
March 7 Purchase 15 3
Mar Sale 30 7
Mar2 Purchase 15 6
At what amount would Shoeless report cost of goods sold using the weighted-average cost flow assumption?
A) $110.
B) $73.
C) $70.
D) $105.
Answer: D
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