Acme-jones corporation uses a weighted-average perpetual inventory system. august 2, 24 units were purchased at $23 per unit. august 18, 40 units were purchased at $25 per unit. august 29, 34 units were sold. what was the amount of the cost of goods sold for this sale? rev: 10_23_2013_qc_37882, 10_30_2013_qc_37882, 11_01_2013_qc_37882 multiple choice $952.00 $1,552.00 $1,000.00

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.