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Nordic Industries Uses a Periodic Inventory System

Question 151

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Nordic Industries uses a periodic inventory system.During its first month of operations,Nordic Industries purchased inventory as follows: Nordic Industries uses a periodic inventory system.During its first month of operations,Nordic Industries purchased inventory as follows: There were 100 units in ending inventory on January 31. Under the weighted average cost method,what is the cost of goods sold for January? A) $18,000 B) $20,250 C) $3,150 D) $2,250 There were 100 units in ending inventory on January 31.
Under the weighted average cost method,what is the cost of goods sold for January?


A) $18,000
B) $20,250
C) $3,150
D) $2,250

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