Units Unit Cost Total Cost
Inventory, 1/1 200 $10.00 $2,000
Purchases
3/5 300 10.50 3,150
7/12 350 11.00 3,850
10/18 450 12.00 5,400
12/22 150 13.00 1,950
Units sold 1,100
Selling price $15/unit
Selling expense $3
Normal profit $4
Replacement cost $7.50
Cost of goods sold under the weighted average method is
a) $12,408 b) $12,000 c) $3,948 d) $12,775
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