Question
Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest cent or two decimal places), assuming
Determine the ending inventory using the periodic inventory system and the weighted average cost method (rounded to the nearest cent or two decimal places), assuming that 19 units were sold at a price of $18. Date Item Units Cost Total June 1 Beginning inventory 7 $9 $63 June 12 Purchase 13 10 130 June 18 Purchase 6 11 66 Totals 26 $259 a. $189.24 b. $69.72 c. $258.96 d. $66.00
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Financial And Managerial Accounting Working Papers Volume I
Authors: Belverd E. Needles
7th Edition
061839365X, 978-0618393657
