Question
A company just began business and made the following four inventory purchases in June: June 1 150 units $825 June 10 200 units 1,120 June
A company just began business and made the following four inventory purchases in June:
June 1 150 units $825
June 10 200 units 1,120
June 15 200 units 1,140
June 28 150 units 885
$3,970
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.
Using the average-cost method, the amount allocated to the ending inventory on June 30 is:
The answer is $1,134. How?
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A Guide To Risk Based Internal Audit System In Banks
Authors: CA Shiva Chaudhari
1st Edition
1947498649, 978-1947498648
