Question
36 Inventory records for Herb's Chemicals revealed the following: March 1, 2024, Inventory: 1,650 gallons @ $8.50 per gallon = $14,025 00:45:47 Purchases: March
36 Inventory records for Herb's Chemicals revealed the following: March 1, 2024, Inventory: 1,650 gallons @ $8.50 per gallon = $14,025 00:45:47 Purchases: March 10 March 16 March 23 730 gallons @ $8.55 930 gallons @ $8.60 Sales: March 5 March 14 530 gallons 830 gallons 730 gallons @ $8.65 March 20 March 26 630 gallons 830 gallons The ending Inventory under a periodic Inventory system assuming average cost is: Note: Round unit cost to three decimal places and final answer to whole dollars. Multiple Choice $10,432. $10,360. $10,442. $10,462.
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Cost Accounting Traditions and Innovations
Authors: Barfield Jesse, Raiborn Cecily, Kinney Michael
4th edition
324026455, 978-0324026450
