Everett Company uses the average cost method to account for inventory and has the following activity during the month of March 2017.
During March, Everett sold 850 units.
Compute the cost of goods sold for March and the ending inventory balance at March 31, 2017.

Question

Everett Company uses the average cost method to account for inventory and has the following activity during the month of March 2017. 
  During March, Everett sold 850 units.
Compute the cost of goods sold for March and the ending inventory balance at March 31, 2017.

Quizplus · Accepted Answer

The Answer of Everett Company uses the average cost method to account for inventory and has the following activity during the month of March 2017. 
  During March, Everett sold 850 units.
Compute the cost of goods sold for March and the ending inventory balance at March 31, 2017.

Everett Company Uses the Average Cost Method to Account for Inventory