Business, 11.11.2019 20:31 tonya3498

The following information related to inventory for shoeless joe inc.

date quantity price

march 1 beginning inventory 20 $2

march 7 purchase 15 $3

march 11 sale 30 $7

march 12 purchase 15 $6

at what amount would shoeless report cost of goods sold using average costing cost flow assumptions? (round answer to nearest dollar)

a. $110

b. $73

c. $70

d. $105

e. none of the above

Answers: 3

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