Question

Assume BLM, Inc., began October with 95 units of Inventory that cost a total of $1,710. During October, BLM, Ino, purchased a
of $1,710. During October, BLM, Inc., purchased and sold goods as follows: d, how much is BLMs cost of goods sold for the sa


of $1,710. During October, BLM, Inc., purchased and sold goods as follows: d, how much is BLMs cost of goods sold for the sa
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Answer #1

Total cost = 1710 + (130*16) = 3790

Total units = 95 + 130 = 225

Average cost per unit = Total cost/Total units = 3790/225

= 16.84 per unit

Cost of Goods Sold = 145 units * 16.84

= 2441.80

Option B

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