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Below are the details of Vic Company's inventory for the year ending 30 June 2020. The company uses the weighted average method for its inventory.
Below are the details of Vic Company's inventory for the year ending 30 June 2020. The company uses the weighted average method for its inventory. # of units Cost/unit Sale price/unit Beginning inventory (1 July 2019) 1 Aug 2019 purchase 25 Oct 2019 purchase 10 Nov 2019 sale 15 May 2020 sale 150 350 300 370 250 $120 $130 $140 $150 $165 VIC Company's revenue from sales of inventory for the year ending 30 June 2020 is: $81,763 $80,600 $96,750 $97,650
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