Assuming that Ace Systems uses the average cost flow assumption, the cost of goods sold to be recorded at January 28 is:
A) $504.
B) $336.
C) $499.
D) Some other amount.

Question

Quizplus · Accepted Answer

The average cost flow assumption calculates the cost of goods sold based on the average cost of all units available for sale during the period. Without specific inventory and cost data, the exact calculation cannot be shown, but the correct choice is $504 based on the given options.

Assuming That Ace Systems Uses the Average Cost Flow Assumption