26)-- 26) Marquis Company uses a weighted-average perpetual inventory system and has the following purchases...
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26)-- 26) Marquis Company uses a weighted-average perpetual inventory system and has the following purchases and sales: August 2 August 18 August 29 26 units were purchased at $7 per unit. 31 units were purchased at $9 per unit. 28 units were sold. What is the amount of the cost of goods sold for this sale? (Round average cost per unit to 2 decimal places.) A) S202.50 B) S461.00 C) $200.00 D) $279.00 E) S226.52 7) Grays Company has inventory of 13 units at a cost of $8 each on August 1. On August 27) 3, it purchased 23 units at $11 each. 15 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 15 units that were sold? A) $149. B) $130. C) $132. D) $195. E) S126.00
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