On 31 March Harvey Norman Ltd sold 15 Samsung S21 phones for $1550 each. At that date,
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Question:
On 31 March Harvey Norman Ltd sold 15 Samsung S21 phones for $1550 each. At that date, the stock card for the Samsung S21 phones sold had a total of 50 phones on hand at an average cost of $955 each. Assume Harvey Norman Ltd uses the weighted average costing method. What is the cost of the phones sold recognised in the income statement?
Select one:
$47 750
$14 325
$23 250
$33 425
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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