Question
2 points QUESTION 24 Julian Junkets has the following inventory information. July 1 Beginning Inventory 25 units at $90 5 Purchases 150 units at $84
2 points
QUESTION 24
Julian Junkets has the following inventory information.
July 1 Beginning Inventory 25 units at $90
5 Purchases 150 units at $84
14 Sale 100 units
21 Purchases 75 units at $87
30 Sale 70 units
Assuming that a perpetual inventory system is used, what is the ending inventory (rounded) under the average-cost method?
| $6,875 | ||
| $6,960 | ||
| $6,015 | ||
| $6,930 |
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
