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Hi, I don't understand how to get the answer for this? Use the following information to answer questions (Round to 2 decimal places): The following
Hi, I don't understand how to get the answer for this?
Use the following information to answer questions (Round to 2 decimal places):
The following information has been extracted from the records of Due North Sales (DNS) Co.:
January 1 | Beginning Inventory | 550 units @ $26 each |
January 9 | Bought | 1,000 units @ $28 each |
January 15 | Sold | 1,200 units @ $40 each |
January 25 | Bought | 750 units @ $30 each |
If Due North Sales (DNS) uses the Weighted Average cost flow assumption, under a perpetual method, the ending inventory value at January 31st is (Round to 2 decimal places):
None of the other alternatives are correct$32,300$32,054$31,600$30,987Step by Step Solution
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