Question
A company uses the periodic inventory system and had the following activity during the current monthly period. Date, Activities, Units Acquired at Cost, Units Sold
A company uses the periodic inventory system and had the following activity during the current monthly period.
Date, Activities, Units Acquired at Cost, Units Sold at Retail
November 1 Beginning inventory 108 units @ $20=$2,160
November 5 Purchase 104 units @ $22=$2,288
November 8 Purchase 54 units $23=$1,242
November 16 Sales 208 units @ $45
November 19 Purchase 54 units @ $25=$1,350
Using the weighted-average inventory method, the company's ending inventory would be:
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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young
39th Edition
978-1305399884
