Question
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Ending
A company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 410 units. Ending inventory at January 31 totals 150 units Beginning inventory on January 1 Units 370 Unit Cost $ 3.60 Purchase on January 9 80 3.80 Purchase on January 25 110 3.90 Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. Note: Round your per unit costs to 2 decimal places.
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Financial And Managerial Accounting
Authors: John J. Wild
9th Edition
1260728773, 9781260728774
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