Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of...
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Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Open Space purchased and sold merchandise on account as follows (Round unit costs to two decimal places and total costs to nearest dollar): June 7Purchase 14Sale 18Purchase 27Sale Using the weighted average inventory costing method, determine the company's closing inventory (Round unit costs to two decimal places and total costs to nearest dollar): 4 O a $42,500 O b. $46,500 25 sofas @ $750 each 30 sofas @ 1,150 each 50 sofas @ $775 each 35 sofas @ $1,200 each OC $48,208 Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Open Space purchased and sold merchandise on account as follows (Round unit costs to two decimal places and total costs to nearest dollar): June 7Purchase 14Sale 18Purchase 27Sale Using the weighted average inventory costing method, determine the company's closing inventory (Round unit costs to two decimal places and total costs to nearest dollar): 4 O a $42,500 O b. $46,500 25 sofas @ $750 each 30 sofas @ 1,150 each 50 sofas @ $775 each 35 sofas @ $1,200 each OC $48,208
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date:
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