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A company had the following inventory transactions during the month of January 2018. Receipts Issues Jan. 1 500 units @ $20 each Jan. 8
A company had the following inventory transactions during the month of January 2018. Receipts Issues Jan. 1 500 units @ $20 each Jan. 8 1,200 units @ $50 each Jan. 5 1,000 units @ $30 each Jan 10 600 units @ $40 each What was the weighted average unit cost of closing inventory to the nearest dollar? Select one: a. $33 Ob. $40 Oc. $36 Od. $45
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
