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Experience:  BA degree and Certified Public Accountant
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# 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: 5 years ago.
Expert:  Bizhelp replied 5 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!