Question
Bueno Companys purchase and sales transactions for the month of July were as follows: Purchases July 3 (beg. balance) 8,000@ 4.00 16 24,000@ 4.40 30
Bueno Companys purchase and sales transactions for the month of July were as follows:
| Purchases | ||
| July 3 | (beg. balance) | 8,000@ 4.00 |
| 16 | 24,000@ 4.40 | |
| 30 | 6,000@ 4.75 |
The company sold 16,000 units on July 22.
Assuming that Bueno keeps perpetual inventory records, inventory at July 31 on a moving-average basis is
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
