Question
A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 310 units. 130 units remain
| A company reports the following beginning inventory and purchases for the month of January. On January 26, the company sells 310 units. 130 units remain in ending inventory at January 31. |
| Units | Unit Cost | ||
| Beginning inventory on January 1 | 280 | $ | 2.60 |
| Purchase on January 9 | 60 | 2.80 | |
| Purchase on January 25 | 100 | 2.94 | |
|
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Fundamental Accounting Principles Volume I
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305821
