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Acme-Jones Corporation Uses a Weighted Average Perpetual Inventory System

Question 38

Multiple Choice

Acme-Jones Corporation uses a weighted average perpetual inventory system. August 2, 10 units were purchased at $12 per unit.
August 18, 15 units were purchased at $14 per unit.
August 29, 12 units were sold.
What was the amount of the cost of goods sold for this sale?


A) $148.00
B) $150.50
C) $158.40
D) $210.00
E) $330.00

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