Question
Glenn Company has the following inventory information. July 1 Beginning Inventory 10 units at $90 5 Purchases 60 units at $92 14 Sale 50 units
Glenn Company has the following inventory information.
July 1 Beginning Inventory 10 units at $90
5 Purchases 60 units at $92
14 Sale 50 units
21 Purchases 30 units at $95
30 Sale 35 units
Assuming that a perpetual inventory system is used, what is the ending inventory (round all calculations to nearest dollar) under the moving-average cost method?
A. $1,405
- B.
$1,391
- C.
$1,385
- D.
$1,425
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, Gerald G. Griffin
6th Edition
0471293253, 978-0471293255
