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At May 1, 2020, Oriole Company had beginning inventory consisting of 210 units with a unit cost of $4.30. During May, the company purchased
At May 1, 2020, Oriole Company had beginning inventory consisting of 210 units with a unit cost of $4.30. During May, the company purchased inventory as follows: 620 units at $4.30 670 units at $10.00 The company sold 1000 units during the month for $12 per unit. Oriole uses the average cost method. The value of Oriole's inventory at May 31, 2020 is $1998. $3423. $3498. $5496.
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
