Business
Business, 12.11.2020 18:30, hail47

Swifty uses the periodic inventory system. For the current month, the beginning inventory consisted of 7300 units that cost $11.00 each. During the month, the company made two purchases: 2800 units at $12.00 each and 12200 units at $12.50 each. Swifty also sold 13100 units during the month. Using the average cost method, what is the amount of cost of goods sold for the month? (Round average cost per unit to 2 decimal places, e. g. 1.48.) 1- $156545.
2- $157200.
3- $151400.
4- $163300.

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Swifty uses the periodic inventory system. For the current month, the beginning inventory consisted...

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