What is the amount of cost of merchandise sold for the year according to the average cost method?
A) $1,380
B) $1,375
C) $1,510
D) $1,250

Name: What is the amount of cost of merchandise sold for the year according to the average cost method? A) $1,380 B) $1,375 C) $1,510 D) $1,250
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Question

Quizplus · Accepted Answer

The average cost method calculates the cost of merchandise sold by averaging the cost of all inventory items available for sale during the period. Based on the given options, $1,380 is the correct amount.

What Is the Amount of Cost of Merchandise Sold for the Year