What would the cost of goods sold for the first sale valued

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Reference no: EM132703503

On December 31, a physical count reveals 15 units on hand.

Problem 1: Assume a perpetual system. Under the moving-weighted-average-cost method, what would the cost of goods sold for the first sale (20 units) be valued at?

A. $135

B. $164

C. $105

D. $115

Beginning inventory 10 units at $7 each

March 18 purchase 15 units at $9 each

Sale 20 units at $15 each

June 10 purchase 20 units at $10 each

Sale 12 units at $15 each

October 30 purchase 12 units at $11 each

Sale 10 units at $16 each

Reference no: EM132703503

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