A-LevelAccountingThe accounting cycle9706/12 · May/June 2017 · Q221 Mark

Jamal uses the AVCO system to value his inventory. He provides the following information: March 1 no opening inventory 6 60 units were purchased at $120 per unit 17 100 units were purchased at $116 per unit 23 110 units were sold for $150 per unit What was the cost of sales for March?

A$5875

B$12925

C$13000

D$18800

✓ Correct answer

B: $12925

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Topic: The accounting cycle, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2017 Paper 1 Variant 2, question 22.

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