Mouton uses the moving average flow assumption.On July 1, there were 180 units on hand and the total inventory cost was $900.On July 10, 40 more units were purchased at a cost of $6 apiece.Sales included 20 units on July 3 and 60 units on July 17.What was the total cost of goods sold recorded for the units sold on July 17?

A) $728
B) $330
C) $100
D) $312

Moving Average

A statistical measure used to analyze data points by creating a series of averages of different subsets of the full data set.

Cost Of Goods Sold

Represents the direct costs attributable to the production of the goods sold in a company.

Total Inventory Cost

The complete cost associated with purchasing or producing inventory, including purchase price, conversion costs, and other costs.