Multiple Choice
Tomas Company uses the perpetual inventory system and the moving-average method to value inventories. On August 1 there were 10000 units valued at $30000 in the beginning inventory. On August 10 20000 units were purchased for $4.95 per unit. On August 15 25000 units were sold for $12 per unit. The amount charged to cost of goods sold on August 15 was
A) $30000.
B) $99375.
C) $107500.
D) $118800.
Correct Answer:
Verified
Correct Answer:
Verified
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