Company use perpetual average price system. On January 10, a unit bought 600 items for $ 5
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Question:
Company use perpetual average price system. On January 10, a unit bought 600 items for $ 5 / item. Then on January 20, it bought 400 items for $ 10 / item. On January 30, the unit released 500 items. What was the cost of issue if the unit had a stock of 100 items at $ 15 / item as of January 1.
Select one:
3863,64
3500
4500
500
Related Book For
Introduction to Managerial Accounting
ISBN: 978-0078025792
7th edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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