Question
George Company uses the weighted average inventory method. Information regarding the only inventory item, widgets for the month of April follows: Beginning inventory: 100 units,
George Company uses the weighted average inventory method. Information regarding the only inventory item, widgets for the month of April follows:
Beginning inventory: 100 units, $10 each
April 10: Purchased 100 units @ $11 each
April 20: Purchased 250 units @ $12 each
April 25: sold 150 widgets
Ending inventory using the weighted average inventory method for the month of April would be
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Financial Accounting Reporting And Analysis
Authors: Earl K. Stice, James D. Stice
7th Edition
0324227329, 978-0324227321
