Question
Bramble Corp. has the following inventory data: July 1 Beginning inventory 42 units at $20 $840 7 Purchases 138 units at $21 2898 22 Purchases
Bramble Corp. has the following inventory data: July 1 Beginning inventory 42 units at $20 $840 7 Purchases 138 units at $21 2898 22 Purchases 20 units at $22 440 $4178 A physical count of merchandise inventory on July 30 reveals that there are 53 units on hand. Using the average cost method, the value of ending inventory is
$1166.
$1113.
$1133.
$1107.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
