Question
CHO Company was formed on December 1, 2009. The following information is available from Jones's inventory record for Product X. Units Unit Cost January 1,
CHO Company was formed on December 1, 2009. The following information is available from Jones's inventory record for Product X.
Units Unit Cost
January 1, 2010 (beginning inventory) 1,600 $18.00
Purchases:
January 5, 2010 2,600 $20.00
January 25, 2010 2,400 $21.00
February 16, 2010 1,000 $22.00
March 15, 2010 1,800 $23.00
A physical inventory on March 31, 2010, shows 2,500 units on hand.
Prepare schedules to compute the ending inventory at March 31, 2010, using Weighted-average
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CPA Excel Auditing And Attestation
Authors: Robert A. Prentice
1st Edition
0977165876, 978-0977165872
