Question
At May 1, 2020, Bonita Company had beginning inventory consisting of 190 units with a unit cost of $9.20. During May, the company purchased inventory
At May 1, 2020, Bonita Company had beginning inventory consisting of 190 units with a unit cost of $9.20. During May, the company purchased inventory as follows: 740 units at $9.20 670 units at $6.00 The company sold 900 units during the month for $14 per unit. Bonita uses the average cost method. The value of Bonitas inventory at May 31, 2020 is
a. 4323
b. 11083
c. 6760
d. 5502
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
