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    Financial Accounting Study Set 1
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    Exam 5: Inventories and Cost of Goods Sold
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    Quan Uses a Periodic Inventory System
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Quan Uses a Periodic Inventory System

Question 44

Question 44

Multiple Choice

Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand. Quan uses a periodic inventory system.At the end of April, Quan had 20 units on hand.   If Quan, Inc.uses the weighted average cost inventory method, how much is cost of goods sold for April? A) $230 B) $232 C) $240 D) $250 If Quan, Inc.uses the weighted average cost inventory method, how much is cost of goods sold for April?


A) $230
B) $232
C) $240
D) $250

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