单选题 Jane Higgins, CFA, a industry analyst, does research about inventory valuation. The company uses a periodic inventory system and no inventory on 31 May, 2012. The company purchases inventory as follows:
Purchase Date Cost per Unit Number of Units
1 May $14.00 1000
3 May $10.00 400
6 May $8.00 1500
23 May $10.00 300
During May, 2000 units are sold. Under the weighted average cost method of inventory valuation, cost of goods sold is closest to:
A. 20160
B. 20625
C.
【正确答案】 B
【答案解析】[解析] average price of inventory=($14×1000+$10×400+$8×1500+$10×300)/(1000+400+1500+300)=$10.3125,COGS=$10.3125×2000=$20625。