Question
Groh Co. recorded the following data pertaining to raw material X during January 2017: Units Date Received Cost Issued On Hand 1/1/17 Inventory $2.00
Groh Co. recorded the following data pertaining to raw material X during January 2017: Units Date Received Cost Issued On Hand 1/1/17 Inventory $2.00 3,200 1/11/17 Issue 1,600 1,600 1/22/17 Purchase 4,000 $2.35 5,600 The moving-average unit cost of X inventory at January 31, 2017 is $2.35. $2.25. $2.17. O $2.21.
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College Accounting A Practical Approach Chapters 1-25
Authors: Jeffrey Slater
13th Edition
9780133791006
