Question
Carpenter, Inc. has the following inventory information. July {:[1BeginningInventory],[7Purchases],[22Purchases]:} 20 units at $19 $380 70 units at $20 1,400 10 units at $23 230 $2,010
Carpenter, Inc. has the following inventory information. July {:[1BeginningInventory],[7Purchases],[22Purchases]:} 20 units at $19 $380 70 units at $20 1,400 10 units at $23 230 $2,010 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the average-cost method, the value of ending inventory is: a. $704 b. $680 c. $730 d. $723
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
