Answer:
The cost of goods sold for February is $1,525
Step-by-step explanation:
For computing the cost of goods sold, the following equation should be used which is shown below:
Cost of goods sold = Opening stock of candy bar + Purchase of candy bar - closing stock of candy bar
= 200 + 3,000 - 150
= 3,050 candy bars
Now, the total cost of good sold is equal to
= Cost of good sold × cost per candy bar
= 3,050 × $0.50
= $1,525
The sale price for per candy bar should not be taken because we have to compute the value at cost not at sale price. Thus, it would not be taken in the computation part.
Hence, the cost of goods sold for February is $1,525