Question
Date Description Quantity Unit Cost or Selling Price June 1 Beginning inventory 39 $39 June 4 Purchase 136 43 June 10 Sale 107 67 June
Date Description Quantity Unit Cost or Selling Price
June 1 Beginning inventory 39 $39
June 4 Purchase 136 43
June 10 Sale 107 67
June 11 Sale return 15 67
June 18 Purchase 52 46
June 18 Purchase return 11 46
June 25 Sale 68 72
June 28 Purchase 27 51
WHAT IS WEIGHTED AVERAGE COST IN DOLLARS
ENDING INVENTORY? FIFO? LIFO? AVERAGE?
COST OF SOLD UNITS ? FIFO? LIFO? AVERAGE?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
