Use the following inventory related information for Questions below

-Calculate the company's Cost of Goods Sold using Periodic Weighted-Average for the month of January.
A) $2,053
B) $2,008
C) $1,883
D) $1,940

Question

Use the following inventory related information for Questions below
 
-Calculate the company's Cost of Goods Sold using Periodic Weighted-Average for the month of January.
A) $2,053 
B) $2,008 
C) $1,883 
D) $1,940

Quizplus · Accepted Answer

The Periodic Weighted-Average method calculates the cost of goods sold by averaging the cost of all inventory available for sale during the period. The total cost of goods available for sale is divided by the total units available for sale to find the average cost per unit, which is then multiplied by the number of units sold.

Use the Following Inventory Related Information for Questions Below