Fendi Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 200 $ 140 6/5 Purchase 400 $ 160 11/10 Purchase 100 $ 200 During the year, Fendi sold 400 units. What is ending inventory using the average cost method?

Answer rating: 100% (QA)

To calculate the ending inventory using the average cost method we need to calculate the weighted av... View the full answer