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Addison Hardware began the month of November with 150 large brass switchplates on hand at a cost of $4.00 each. These switchplates sell for $7.00
Addison Hardware began the month of November with 150 large brass switchplates on hand at a cost of $4.00 each. These switchplates sell for $7.00 each. The following schedule presents the sales and purchases of this item during the month of November. Purchases Sales Number of Units Unit Cost Units Sold Transaction November 5 November 7 200 $4.20 November 9 November 11 200 4.40 November 17 November 22 250 4.80 November 29 If Addison uses perpetual moving average inventory pricing, the sale of 220 items on November 17 would be recorded at a unit cost of Select one: O $4.00 $4.32 O $4.16 O $4.20
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