• 100% Satisfaction Guarantee

Bizhelp, Accountant
Satisfied Customers: 5799
Experience:  BA degree and Certified Public Accountant
23848519
Bizhelp is online now

# Acme- corporation uses a weighted- average perpetual inventory

### Resolved Question:

Acme- corporation uses a weighted- average perpetual inventory system.

Aug. 2, 10 units were purchased at \$12 per unit.
Aug. 18 15 units were purchased at \$14 per unit.
Aug. 29 12 units were sold.

Was was the amount of the cost of goods sold for this sale?

A. \$148.00
b. \$150.50
c. \$210.00
d. 330.00
Submitted: 2 years ago.
Expert:  Bizhelp replied 2 years ago.
Hi,

Thanks for requesting me.

I get \$158.40 as the correct answer. This is not one of the choices. Is there an answer e) \$158.40 that got cut off, maybe? If not, please check the data of the problem you typed above.

(10 units x \$12) + (15 units x \$14) / (10+15 units) = \$120+210/25 = \$330/25 = \$13.20 weighted average cost per unit

\$13.20 average cost x 12 units sold = \$158.40 cost of goods sold

Hope this helps!

Bizhelp, Accountant
Satisfied Customers: 5799
Experience: BA degree and Certified Public Accountant

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

### What Customers are Saying:

• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
• Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
• This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
• Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
• I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
• Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
• Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
• He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

• ### linda_us

#### Satisfied Customers:

805
A tutor for Business, Finance, Accounts and other related topics.
< Last | Next >

### linda_us

#### Satisfied Customers:

805
A tutor for Business, Finance, Accounts and other related topics.

### F. Naz

#### Satisfied Customers:

355
Have completed B.COM and CA Finalist

### Bizhelp

#### Satisfied Customers:

257
BA degree and Certified Public Accountant

### Mr. Gregory White

#### Satisfied Customers:

197
M.A., M.S. Education / Educational Administration

### FiveStarLaw

#### Satisfied Customers:

161
25 years of experience helping people like you.

144

28