Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is
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Refer to the information for Morgan Inc. above. If Morgan uses a perpetual inventory system, what is the cost of ending inventory under average cost at April 30? (Use four decimal places for per-unit calculations and round to the nearest dollar.)
a. $35,838
b. $38,000
c. $64,000
d. $66,162
Ending InventoryThe ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...
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