Use this information to answer the following question.
A periodic inventory system is used.
-Cost of goods sold under the average-cost method is
A)$444.
B)$333.
C)$435.
D)$222.

Question

Use this information to answer the following question.  
A periodic inventory system is used.
-Cost of goods sold under the average-cost method is
A)$444. 
B)$333. 
C)$435. 
D)$222.

Quizplus · Accepted Answer

The average-cost method calculates the cost of goods sold by taking the total cost of inventory available for sale and dividing it by the total units available for sale. The correct calculation results in $444.

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