Jose Zorilla Company uses a periodic inventory system. For April, when the company sold 700 units, the

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Jose Zorilla Company uses a periodic inventory system. For April, when the company sold 700 units, the following information is available.

Compute the April 30 inventory and the April cost of goods sold using the average-costmethod.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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Question Posted: May 16, 2012 07:57 AM

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Jose Zorilla Company uses a periodic inventory system. For April, when the company sold 700 units, the

Question:

Units Unit Cost Total Cost April 1 inventory April 15 purchase April 23 purchase 250 400 350 $10 12 13 $2,500 4,800 4,550 $11,850 1,000

Step by Step Answer:

Weightedaverage cost per unit 11850 11...View the full answer

Intermediate Accounting principles and analysis

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