Question: ABC. Ltd. uses a perpetual inventory system and the weighted average cost method. The following represents complete information on inventory transactions for ABC. Ltd. for

ABC. Ltd. uses a perpetual inventory system and the weighted average

ABC. Ltd. uses a perpetual inventory system and the weighted average cost method. The following represents complete information on inventory transactions for ABC. Ltd. for the year: January 1: Opening inventory 8000 units at $ 5 per unit June 1: Purchased 6000 units at $ 10 per unit August 1: Sold 8000 units at $ 20 per unit October 1: Purchased 3000 units at $ 6 per unit Calculate ending inventory. Round your answer to the nearest dollar. Your Answer: 60000

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