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Hall Novelty Shop Uses a Periodic Inventory System

Question 113

Multiple Choice

Hall Novelty Shop uses a periodic inventory system. It sold 55 balloons during April. Other data for April include: Hall Novelty Shop uses a periodic inventory system. It sold 55 balloons during April. Other data for April include: Cost of goods sold under the weighted-average method (rounded to the nearest dollar) is: A) $395. B) $705. C) $310. D) $165. Cost of goods sold under the weighted-average method (rounded to the nearest dollar) is:


A) $395.
B) $705.
C) $310.
D) $165.

Correct Answer:

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