🤓 Based on our data, we think this question is relevant for Professor All Professors' class at USF.
Dell gives you the following information:
Beginning inventory: 10 units at $5.00 each
Purchased: 10 units at $7.00 each
5 units at $16.00 each
The company had 7 units in ending inventory at the end of the month. Assuming the company uses a periodic weighted average method, what is the company’s Cost of Goods Sold?