A company uses the periodic inventory system and had the following activity during the current monthly period.
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Question:
A company uses the periodic inventory system and had the following activity during the current monthly period.
November 1: Beginning inventory 114 Units @ $30
November 5: Purchased 26 64 Units @ $64
November 8: Purchased 30 Units @ $182
November 16: Sold 115 Units @ $85
November 19: Purchased 30 Units @ $25
Using the weighted-average inventory method, the company's ending inventory would be:
Multiple Choice
$4,029
$3,289
$2,060
$2,810
$1,969
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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