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can someone please explain this very confused March: Louis Vitton uses the weighted average inventory costing method. the company's beginning inventory consisted of 2,200 units
can someone please explain this very confused
March: Louis Vitton uses the weighted average inventory costing method. the company's beginning inventory consisted of 2,200 units that cost $16.70 each. Purchases were made throughout the year as follows: 1.600 units purchased at $12.60 per unit July: 3.100 units purchased at $18.10 per unit September 1,200 units purchased at $17.30 per unit November: 2.400 units purchased at $19.60 per unit During the year, 5,000 units were sold to customers at a selling price of $22.00 each. Operating expenses for the year amounted to $13.900 and the income tax rate was 35% Calculate the dollar amount of Louis Vitton's ending inventory Correct 94710 Step by Step Solution
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