5. Inventory information for product 248 is given below: Jan Mar. 17 Purchase 12 units @ Apr....
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5. Inventory information for product 248 is given below: Jan Mar. 17 Purchase 12 units @ Apr. 29 Purchase 8 units Aug 19 Purchase 12 units Aug. 29 Purchase 5 units Sept. 18 Purchase Balance 15 units @ $10 per unit 11 per unit 12 per unit 14 per unit 16 per unit 6 units @20 per unit After taking a physical count, we find that there are 20 units on hand. Determine the ending inventory cost by
(a) first-in-first-out;
(b) last-in-first-out;
(c) weighted average.
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Related Book For
Schaums Outline Of Principles Of Accounting I
ISBN: 978-0070381490
5th Edition
Authors: Joel Lerner ,James Cashin
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