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Hello I would like to get the answer of this question. Quick response will be appreciated. Thanks! Question 3 (1 point) Listen Given the following
Hello I would like to get the answer of this question. Quick response will be appreciated. Thanks!
Question 3 (1 point) Listen Given the following information, what would the ending inventory value per unit be on April 30 under the weighted-average method in a perpetual inventory system? Units of Inventory 200 units at $5.00 Dates Opening Inventory Purchases: April 12 July 7 Sales: August 12 December 15 300 units at $5.10 400 units at $5.25 100 units at $8.00 500 units at $8.20 O A) $5.05 OB) $5.075 OC) $5.15 OD) $5.06 Question 5 (1 point) Listen Assume that ending inventory in fiscal 2019 is overstated by $1,000.What impact will this have on fiscal 2019 financial reporting? A) Retained earnings is overstated by $1,000. B) Retained earnings is understated by $1,000. C) The retained earnings will be correctly stated. D) Inventory is understated on the balance sheet. Question 6 (1 point) ) Listen Use the following information: Cost Materials $150,000 Costs to process into 100,000 finished product If the market price at year end is $210,000, what is the write down required? A) $210,000 B) $40,000 C) $0 OD) $250,000
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