单选题
Determine the Cost of Goods Sold using the Weighted Average Method and
also using the First in First Out (FIFO) Method.
Weighted Average
FIFO ①A.
$ 4986.02 $
4133.45 ②B. $ 5248.44
$ 4351. 00
③C. $ 4351.00
$ 5248.44
A. ①
B. ②
C.③
【正确答案】
B
【答案解析】Weighted average = cost of goods available/total units available. COGS = Units sold × wt. ave = 806 × 6.51171= $5248.44. FIFO COGS= (699×5) +(107×8) = $4351.00.