{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T03:09:45-04:00", "answer_date": "2024-05-26 03:09:45", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1722012", "url": "\/study-help\/questions\/abc-co-uses-perpetual-inventory-system-and-average-cost-method-1722012", "question_creation_date_js": "2024-05-26T03:09:45-04:00", "question_creation_date": "May 26, 2024 03:09 AM", "meta_title": "[Solved] ABC Co uses perpetual inventory system an | SolutionInn", "meta_description": "Answer of - ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as foll | SolutionInn", "meta_keywords": "abc,perpetual,inventory,system,average,cost,method,company,s,information,december,2021", "question_title_h1": " ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as follows: December 1- Beginning inventory value", "question_title": " ABC Co uses perpetual inventory system and Average Cost Method. The", "question_title_for_js_snippet": "ABC Co uses perpetual inventory system and Average Cost Method The company's information for December 2021 is as follows December 1 Beginning inventory value is $ 800 in total for 20 units of inventory December 7 Sold 10 units $50 each December 12 Purchased 15 units at the cost of $42 each December 17 Sold 8 units $50 each December 23 Sold 4 units $50 each December 27 Purchased 8 units at the cost of $44 each December 30 Sold 10 units $50 each What is the total value of ending inventory by end of December, 2021 (FYI round the value to the nearest 10) Select one a 700 b 536", "question_description": "\"image", "transcribed_text": "ABC Co uses perpetual inventory system and Average Cost Method. The company's information for December 2021 is as follows: December 1- Beginning inventory value is $ 800 in total for 20 units of inventory. December 7- Sold 10 units $50 each. December 12- Purchased 15 units at the cost of $42 each. December 17- Sold 8 units $50 each. December 23-Sold 4 units $50 each. December 27- Purchased 8 units at the cost of $44 each. December 30- Sold 10 units $50 each. What is the total value of ending inventory by end of December, 2021? (FYI: round the value to the nearest 10) Select one: a. 700 b. 536", "related_book": { "title": "Accounting What the Numbers Mean", "isbn": "978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062", "edition": "9th Edition", "authors": "David H. Marshall, Wayne W. McManus, Daniel F. Viele, ", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/98.jpg", "uri": "\/textbooks\/accounting-what-the-numbers-mean-9th-edition-98", "see_more_uri": "" }, "free_related_book": { "isbn": "B01A0BNTFG", "uri": "\/textbooks\/introduction-to-aircraft-flight-dynamics-1st-edition-9781234865126-94044", "name": "Introduction To Aircraft Flight Dynamics", "edition": "1st Edition" }, "question_posted": "2024-05-26 03:09:45", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/you-are-deciding-between-two-mutually-exclusive-investment-opportunities-both", "description": "You are deciding between two mutually exclusive investment opportunities. Both require the same initial investment of $10 million. 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