From the following figures calculate the closing inventory using AVCO: Purchase March 400 @ $ 30...
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From the following figures calculate the closing inventory using AVCO: Purchase March 400 @ $ 30 each September 300@ $ 32 each Sale December 420 @ $ 40 each The company uses the perpetual system, O $8,400 O $8,960 $ 8,641 None of the above From the following figures calculate the closing inventory using AVCO: Purchase March 400 @ $ 30 each September 300@ $ 32 each Sale December 420 @ $ 40 each The company uses the perpetual system, O $8,400 O $8,960 $ 8,641 None of the above
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Answer rating: 100% (QA)
Answer is 8641 Based on working below it is 8640 due to rounding off AVGPerpetual ... View the full answer
Related Book For
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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