Question

Assume ABC uses the average cost method of inventory valuation. What unit cost would be used to determine the amount in ending inventory or cost of goods sold?

Answer 1

Answer:

The correct answer is $13.60

Explanation:

Taking into account the average cost method, the sum of all the values presented as unit costs per unit is performed, which results in the figure of $ 68. Finally, the division is made by the amount of securities presented (5), which results in the amount of $ 13.60.