Maples, Corp. reported beginning inventory of 20 units that cost $55 each on February 1, 2022. They
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Maples, Corp. reported beginning inventory of 20 units that cost $55 each on February 1, 2022. They purchased an additional 72 units for $70 per unit on February 2 and 102 units on February 8 for $73 per unit. On February 4, they sold 44 units and on February 16 they sold an additional 96 units.
If Maples, Corp. uses a perpetual Average Cost inventory system,
what will be the company's Ending Inventory for the month of February?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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