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    Fundamentals of Financial Accounting Study Set 5
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    Exam 7: Reporting and Interpreting Inventories and Cost of Goods Sold
  5. Question
    Acme Sells 150 Units During This Quarter
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Acme Sells 150 Units During This Quarter

Question 2

Question 2

Multiple Choice

Acme sells 150 units during this quarter. If Acme uses the weighted average method, what is its cost of goods sold for the quarter?


A) $600
B) $705
C) $750
D) $900

Correct Answer:

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