On August 1, Micro Encoders, Inc had 120 units of a certain software package that cost $6 per unit During August, the following purchases were made August 7 60 units $9 00 per unit 15 80 units $12 00 per unit 21 140 units $10 50 per unit During August, 300 units were sold If Micro Encoders uses the...

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On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6

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On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6 per unit. During August, the following purchases were made:

August 7	60 units @ $9.00 per unit
15	80 units @ $12.00 per unit
21	140 units @ $10.50 per unit

During August, 300 units were sold. If Micro Encoders uses the weighted average method, the cost of ending inventory would be

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Principles of cost accounting

ISBN: 9780840037039

15th Edition

Authors: Edward J. Vanderbeck

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Posted Date: Oct 08, 2018 12:23 AM

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On August 1, Micro Encoders, Inc. had 120 units of a certain software package that cost $6

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