Question
FiCo, which uses weighted-average costing, shows the following first-year data: Units Unit cost January 5 Purchase: 2,400 4.50 March 25 Purchase: 2,600 5.00 August 16
FiCo, which uses weighted-average costing, shows the following first-year data:
Units Unit cost
January 5 Purchase: 2,400 4.50
March 25 Purchase: 2,600 5.00
August 16 Purchase: 1,600 5.50
November 26 Purchase: 1,200 6.00
If FiCos a year-end physical account shows 2,600 units on hand, FiCos balance sheet as of December 31 will show ending inventory of:
| A. | $13,260 | |
| B. | $16,824 | |
| C. | $39,800 | |
| D. | $26,533 |
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Managerial Accounting And Analysis In Multinational Enterprises
Authors: H. Peter Holzer, Hanns Martin W. Schoenfeld
1st Edition
0899250874, 978-0899250878
