Hansel Electronics has the following: If Hansel has 7,000 units on hand at December 31, the cost
Question:
Hansel Electronics has the following:
If Hansel has 7,000 units on hand at December 31, the cost of ending inventory under the average-cost method is:
(a) $84,000.
(b) $70,000.
(c) $56,000.
(d) $75,250.
Transcribed Image Text:
Inventory, Jan. 1 Purchase, April 2 Purchase, Aug. 28 Units 5,000 15,000 20,000 Unit Cost $8 $10 $12
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Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
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