Question
Average Corp. purchased inventory as follows: March 3 300 units at $9 March 4 200 units at $10 March 7 100 units at $11 On
Average Corp. purchased inventory as follows:
March 3 300 units at $9
March 4 200 units at $10
March 7 100 units at $11
On March 5, Average sold 400 units for $17 each. The average unit cost to be used for the cost of goods sold on March 5, in a perpetual inventory system, is
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
4th Edition
0132423502, 978-0132423502
