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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 Sales
APRIL 12 50 UNITS @ $ 80 Purchases
APRIL 15 150 UNITS @ $ 130 Sales
APRIL 29 60 UNITS @ $ 85 Purchases
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.
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