Question: Hello, Can someone please help me find the ending inventory for the moving-average cost. ( see below) Thanks! Coronado Appliance uses a perpetual inventory system.
Hello,
Can someone please help me find the ending inventory for the "moving-average cost". ( see below)
Thanks!
Coronado Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was3sets at $460each. On January 10, Coronado purchased6units at $600each. The company sold2units on January 8 and5units on January 15.
Compute the ending inventory under moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answer to 0 decimal places, e.g. 1,250.)
MOVING-AVERAGE COST
The ending inventory
$
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
