Olga Sorescu Company uses the average cost method to account for lawn chair inventory and has the following activity during the month of March, 2009.
| |
Units |
Unit cost |
| Beginning inventory |
100 |
9.00 |
| Purchase #1 |
250 |
10.00 |
| Purchase #2 |
50 |
8.00 |
During March, Olga Sorescu sold 194 units. Compute the cost of goods sold for March.
What was the cost of goods sold in March 2009?
A. $1920
B. $1700
C. $2046
D. $1843