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Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September: Sept. 1 Inventory 20 units
Addison, Inc. uses a perpetual inventory system. The following is information about one inventory item for the month of September:
Sept. 1 | Inventory | 20 units at $25 |
4 | Sale | 10 units |
10 | Purchase | 30 units at $30 |
17 | Sale | 20 units |
If Addison, Inc. uses the weighted average method what is the ending inventory at September 30? The formula for the weighted average method is: Total cost of goods available for sale / # of units available for sale.
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