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Use This Inventory Information for the Month of May to Answer

Question 143

Multiple Choice

Use this inventory information for the month of May to answer the following question. Use this inventory information for the month of May to answer the following question. Assuming that a perpetual inventory system is used,what is cost of goods sold (rounded) under the average-cost method? A) $5,620 B) $6,420 C) $10,380 D) $12,040 Assuming that a perpetual inventory system is used,what is cost of goods sold (rounded) under the average-cost method?


A) $5,620
B) $6,420
C) $10,380
D) $12,040

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