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If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as
If the perpetual inventory record is kept in dollars, and costs are computed at the time of each withdrawal, what amount would be shown as ending inventory under (3) Average-cost?
Purchases | Sales | ||
4/1 (balance on hand) | 420 @$5.50 | 4/5 | 620 |
4/4 | 720 @$5.70 | 4/12 | 520 |
4/11 | 620 @$5.90 | 4/27 | 1440 |
4/18 | 520 @$5.90 | 4/28 | 150 |
4/26 | 920 @$6.20 | ||
4/30 | 520@$6.40 |
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