Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory...
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Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory table below. Units Cost per purchased unit 96 $13 20 $9 18 $11 36 $13 Date of purchase. Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 170 87 83 (Round to the nearest cent as needed.) Total cost $1,248 $180 $198 $468 $2,094 Retail price Total retail per unit $18 $12 $17 $21 value $1,728 $240 $306 $756 $3,030 Use the weighted-average inventory method to calculate the cost of the ending inventory for the inventory table below. Units Cost per purchased unit 96 $13 20 $9 18 $11 36 $13 Date of purchase. Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory 170 87 83 (Round to the nearest cent as needed.) Total cost $1,248 $180 $198 $468 $2,094 Retail price Total retail per unit $18 $12 $17 $21 value $1,728 $240 $306 $756 $3,030
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Calculation of the weighted average cost per unit Total Cos... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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