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A company just started business made the following four inventory purchases in June June 1 150 units $ 390 June 10 200 units $ 585
A company just started business made the following four inventory purchases in June June 1 150 units $ 390 June 10 200 units $ 585 June 15 200 units $ 630 June 28 $150 units $ 510 Total of 2.115 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 ending inventory on June 30 is
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
