Davidson Electronics has the following: If Davidson has 7,000 units on hand at December 31, the cost
Question:
Davidson Electronics has the following:
If Davidson has 7,000 units on hand at December 31, the cost of ending inventory under the average-cost method is:
(a) $84,000.
(c) $56,000.
(b) $70,000.
(d) $75,250.
Transcribed Image Text:
Inventory, Jan. 1 Purchase, April 2 Purchase, Aug. 28 Units 5,000 15,000 20,000 Unit Cost $8 $10 $12
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Accounting Tools For Business Decision Making
ISBN: 9780470377857
3rd Edition
Authors: Paul D. Kimmel
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