Average Corp purchased inventory as follows: On March 5, Average sold 400 units for $17 each. The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is
A)$9.40.
B)$9.50.
C)$9.67.
D)$17.00.

Question

Average Corp purchased inventory as follows:  On March 5, Average sold 400 units for $17 each. The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is
A)$9.40. 
B)$9.50. 
C)$9.67. 
D)$17.00.

Quizplus · Accepted Answer

The Answer of Average Corp purchased inventory as follows:  On March 5, Average sold 400 units for $17 each. The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is
A)$9.40. 
B)$9.50. 
C)$9.67. 
D)$17.00.

Average Corp Purchased Inventory as Follows: on March 5