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Company ABC had 300 units in initial inventory on April 1, 2021. The cost per unit of that inventory is $ 75. Below is information
Company ABC had 300 units in initial inventory on April 1, 2021. The cost per unit of that inventory is $ 75. Below is information about purchases and sales made during the month of April: DATE PURCHASES SALES APRIL 5 100 UNITS @ $ 125 APRIL 12 50 UNITS @ $ 80 APRIL 15 150 UNITS @ $ 130 APRIL 29 60 UNITS @ $ 85 What is the cost of ABC Company's ending inventory as of April 30 under the MOVING AVERAGE method? Select one: to. $ 12,300. b. $ 12,500. c. $ 12,700. d. $ 13,600. Sales information 100 Units @ 125150 Units @ 130
Company ABC had 300 units in initial inventory on April 1, 2021. The cost per unit of that inventory is $ 75. Below is information about purchases and sales made during the month of April:
DATE PURCHASES SALES
APRIL 5 100 UNITS @ $ 125
APRIL 12 50 UNITS @ $ 80
APRIL 15 150 UNITS @ $ 130
APRIL 29 60 UNITS @ $ 85
What is the cost of ABC Company's ending inventory as of April 30 under the MOVING AVERAGE method?
Select one:
to. $ 12,300.
b. $ 12,500.
c. $ 12,700.
d. $ 13,600.
Sales information
150 Units @ 130
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, George Foster
12th edition
978-0131495388
