In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following...
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In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following sequence: (1) 195 units at $9, (2) 550 units at $10, and (3) 140 units at $11. Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand. (Round answer to O decimal places, eg. 1,250) The cost of the ending inventory In its first month of operations, Metlock, Inc. made three purchases of merchandise in the following sequence: (1) 195 units at $9, (2) 550 units at $10, and (3) 140 units at $11. Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand. (Round answer to O decimal places, eg. 1,250) The cost of the ending inventory
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Answer rating: 100% (QA)
Answer Purchase Units A Rate B Cost A x B 1 195 9 175... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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