Answer :
Answer:
Cost of goods sold = $98.40
Explanation:
given data
August 2 14 units purchased @ $5 per unit.
August 18 19 units purchased @ $7 per unit
August 29 16 units sold
to find out
amount of the cost of goods sold for this sale
solution
cost of 14 units = 14 × $5 per unit = $70
and
cost of 19 units = 19 × $7 per unit = $133
so that here
Weighted average cost pr unit will be
Weighted average cost pr unit = [tex]\frac{70+133}{14+19}[/tex]
Weighted average cost pr unit = $ 6.15 per unit
so that Cost of goods sold will be
Cost of goods sold = $6.15 × 16
Cost of goods sold = $98.40