Question: Paragraph Font Styles Bold 12 4.4. ABC Styles Text Box Using the AVCO/Weighted Average Method, what is the value of ending inventory after accounting for
Paragraph Font Styles Bold 12 4.4. ABC Styles Text Box Using the AVCO/Weighted Average Method, what is the value of ending inventory after accounting for the transaction at May 1? Fuller & Stona sells a variety of school supplies from a store located at Cross Roads Mall. The business begon the second quartet (April to June) of 2009 with 2,000 pencil cases at a total cost of $200,000. The following transactions took place during the quarter. April 10 Purchased 3,000 pencil cases on account at a cost of Bito reach, An additional air treght charge of S2, as well as customs import charge of $3 per case was incurred. It is customary for Fuller and Stone to include freight in as part of the cost of the units in the inventory record During the month 1,000 pencil cases were sold at a price of Stach A new batch of 1.200 cases was chosed on account at a cost of $352.000 Apr 10 May May 15 May20 Maya 15 of the pencil Cases purchased on April 10 were found to be defective and returned to the supplier The sales for May were so passat a unit of 3130 10 of the pencil Cases sold at the Heart of us on May were returned by the customer Select one: . 8,000 units @ $109 each b. 7200 units @ $109.50 each C- 8,000 units at $109.50 each d 7.200 units @ $109.44each Print Layout View Sec 1 Pogos 3 of
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