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Dayton Dairy: Cost of Goods Sold if 38,000 gallons sold.

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Dayton Dairy is a milk distributor that stores all of its milk in a large tank before it is bottled into individual gallon-sized containers. The dairy uses the average cost method to account for inventory. The company began the month of May with 6000 gallons of milk at an average cost of $1.90 and made the following purchases from local farmers during the month:

Date Units Purchased Cost Per unit Total Cost
5-May 10000 $2.00 $20,000.00
12-May 13400 $2.10 $28,140.00
20-May 11500 $2.17 $24,955.00

Total 34900 $73,095.00

What is Dayton Dairy's' cost of goods sold if the company sold 38,000 gallons of milk during the month?

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The cost of goods sold if 38,000 gallons sold Dayton Dairy is examined.

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