Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016. The following purchases and sales were made during September:

What was the value of cost of goods sold of Algo, using the moving weighted average assumption and a perpetual inventory system?
A) $2640
B) $2700
C) $2720
D) $3180

Question

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016. The following purchases and sales were made during September:

What was the value of cost of goods sold of Algo, using the moving weighted average assumption and a perpetual inventory system?
A) $2640 
B) $2700 
C) $2720 
D) $3180

Quizplus · Accepted Answer

The Answer of Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016. The following purchases and sales were made during September:

What was the value of cost of goods sold of Algo, using the moving weighted average assumption and a perpetual inventory system?
A) $2640 
B) $2700 
C) $2720 
D) $3180

Diligent Ltd Had 5 Units of the Commodity Algo on Hand