Accounting 9706 · AS & A Level · Traditional costing methods

Traditional costing methods — practice question

A business values inventory by using the AVCO method. The information given is as follows. August 1: inventory of $6$ units at $14.40$ each August 4: bought $9$ units at $18.40$ each August 6: sold $5$ units at $20.20$ each What was the cost of the goods sold?

  • A$72$
  • B$84$
  • C$92$
  • D$101$

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI