Accounting MCQ Accounting Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)

Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)

Naim 12:32 Accounting

Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number of Units Unit Cost

Apr. 1 Beginning Inventory 500 $ 2.40

Apr. 20 Purchase 400 2.50

Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals)

A) $1,711.

B) $1,700.

C) $1,720.

D) $1,708.

Answer: A

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