Question
Ehrhart Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $660 each. On January 10,
Ehrhart Appliance uses a perpetual inventory system. For its flat-screen television sets, the January 1 inventory was 4 sets at $660 each. On January 10, Ehrhart purchased 6 units at $670 each. The company sold 2 units on January 8 and 5 units on January 15. Compute the ending inventory under moving-average cost.
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Fundamental Accounting Principles
Authors: Kermit D. Larson, John J Wild, Barbara Chiappetta
17th Edition
0072946601, 9780072946604
