Given the following data, calculate the cost of goods sold using the average-cost method. round average cost per unit calculations to two decimal places. round final answer to the nearest dollar. date item unit 1/1 beginning inventory 70 units at $20 per unit5/10 purchase of inventory 20 units at $ $20 per unit 10/9 purchase of inventory 20 units at $ $32 per unit12/31 ending inventory 28 units

The cost of goods sold using the average-cost method is $1,818.76

Explanation:

The computation of the average cost per unit is shown below:

= (Beginning inventory units × price per unit + purchase inventory units ×  price per unit +  purchase inventory units ×  price per unit ) ÷ (Beginning inventory units + purchase inventory units + purchase inventory units)

= (70 units × $20 + 20 units × $20 + 20 units × $32) ÷ (70 units + 20 units + 20 units)

= ($1,400 + $400 + $640 units ) ÷ (110 units)

= ($2,440 units) ÷ (110 units)

= $22.18 per unit

Now the cost of goods sold equals to

=  (Beginning inventory units × average cost per unit + purchase inventory units ×  average cost  per unit - ending inventory units × average cost  per unit)

= 70 units ×  $22.18 per unit + 40 units × $22.18 per unit - 28 units × $22.18 per unit

= $1552.60 + $887.20 - $621.04

= $1,818.76

The purchase units = 20 units + 20 units = 40 units

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.