Dails Timepiecns had the following inventory data Quantity U

Dail\'s Timepiecns had the following inventory data Quantity Unit Co 1 Beginning inventory July 4 Purchase Sale July 11 Purchase bl 14 Sale ssuming average cost, what is the cost of goods soid for the July 7 sale? (Round any intermediary calulations to the nearest cent and round your final answer to th nearest dollar) O B. $678 OC. $842 .1oD. to select your 7 command option

Solution

Stament Showing weighted Average Unit Cost Purchase Sales Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost 01 Jul                 5 $49.00 $245.00 04-Jul              10 $58.00 $580.00               15 $55.00 $825.00 07-Jul 12 $55.00 $660.00                 3 $55.00 $165.00 11-Jul 9 $54 $486               12 $54.25 $651.00 14-Jul 8 $54.25 $434.00                 4 $54.25 $217.00              19 $1,066.00             20 $660.00                 4 $217.00 Hence Cost of Goods Sold will be (A): $660