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MMLU / Cobb Inc.'s inventory at May 1 consisted of 200 units at a total cost of …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Cobb Inc.'s inventory at May 1 consisted of 200 units at a total cost of 1250.Cobbusestheperiodicinventorymethod.Purchasesforthemonthwereasfollows:DateNo.ofUnitsUnitcostTotalCostMay4201250. Cobb uses the periodic inventory method. Purchases for the month were as follows: Date No. of Units Unit cost Total Cost May 4 20 5.80 116.00May1780116.00 May 17 80 5.50 440.00Cobbsold10unitsonMay14for440.00 Cobb sold 10 units on May 14 for 120. What is Cobb's weighted average cost of goods sold for May?
Plain-text mathematical notation (without MathML)
Cobb Inc.'s inventory at May 1 consisted of 200 units at a total cost of 1250.Cobbusestheperiodicinventorymethod.Purchasesforthemonthwereasfollows:DateNo.ofUnitsUnitcostTotalCostMay4205.80 116.00May17805.50 440.00Cobbsold10unitsonMay14for120. What is Cobb's weighted average cost of goods sold for May?
Original LaTeX notation
Cobb Inc.'s inventory at May 1 consisted of 200 units at a total cost of $1250. Cobb uses the periodic inventory method. Purchases for the month were as follows: Date No. of Units Unit cost Total Cost May 4 20 $5.80 $116.00 May 17 80 $5.50 $440.00 Cobb sold 10 units on May 14 for $120. What is Cobb's weighted average cost of goods sold for May?

choices

  1. $60.20
  2. $62.10
  3. $62.50
  4. 65

subject

professional_accounting

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Source and history

task_id
18465013-ffaa-5883-8002-87d1f9718534
task_key
all--test--18465013-ffaa-5883-8002-87d1f9718534
task_revision_id
1
config / split
all / test

Official source

initial import