Berring Sales Uses the Average- Cost Method

Multiple Choice

Berring Sales uses the average- cost method. The partially completed inventory record for January appears below. On 14 January, the company sold 10 units. On 29 January, the company sold 50 units. Complete the inventory record through to the 14 January sale, and calculate the Cost of sales for the 14 January sale. (Please round to the nearest whole dollar.)

A) $42
B) $40
C) $38
D) $33