Question

Fox Company purchased items of inventory as follows:
May 3 100 units @ $3.05
May 10 150 units @ $3.10
May 15 120 units @ $3.15
By the end of the month of May, Fox had sold 125 units. If the company uses the average-cost method of accounting for inventory, what is the amount of the ending inventory?



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  • CreatedApril 17, 2014
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