Marcel Co. uses the weighted-average cost method to account for inventory. Sales were $30,000 for...
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Accounting
Marcel Co. uses the weighted-average cost method to account for inventory. Sales were $30,000 for the year. The number of units available for sale during the year was 180. The weighted-average cost of the goods available for sale was $20 each. The number of units left in ending inventory for the year was 50. How much was Cost of Goods Sold for the year?
a. $1,000
b. $2,600
c. $11,500
d. $3,600
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