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Marquis Company uses a weighted-average perpetual inventory system and has the...
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Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales:
| Date | Activities | Units Acquired at Cost | Units Sold at Retail |
|---|---|---|---|
| August 2 | Purchase | 10 units @ $46 = $460 | |
| August 18 | Purchase | 15 units @ $48 = $720 | |
| August 29 | Sales | 12 units sold |
What is the amount of the cost of goods sold for this sale?
Note: Round average cost per unit to 2 decimal places.
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0%
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100%
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