Question: ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as follows: December 1- Beginning inventory value is

ABC Co uses perpetual inventory system and Average Cost Method.

The company's information for December 2021 is as follows:

December 1- Beginning inventory value is $ 800 in total for 20 units of inventory.
December 7- Sold 10 units $50 each.
December 12- Purchased 15 units at the cost of $42 each.
December 17- Sold 8 units $50 each.
December 23-Sold 4 units $50 each.
December 27- Purchased 8 units at the cost of $44 each.
December 30- Sold 10 units $50 each.

What is the total value of ending inventory by end of December, 2021? (FYI: round the value to the nearest 10)

Ltfen birini sein:

a. 536

b. 465

c. 700

d. 887

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