Given the following data, what is the weighted average cost of inventory rounded up to the nearest
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Question:
Given the following data, what is the weighted average cost of inventory rounded up to the nearest full dollar? (Do not round your calculations, only your final answer.)
Sales revenue 100 units, $15 per unit
Initial inventory 40 units at $9 per unit
Buys 80 units at $10 per unit
Related Book For
Modern Portfolio Theory and Investment Analysis
ISBN: 978-1118469941
9th edition
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
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