Question
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: 200 units at $7; 250 units at $6;
In its first month of operations, Sunland Company made three purchases of merchandise in the following sequence: 200 units at $7; 250 units at $6; and 300 units at $5. There are 480 units on hand at the end of the period. Sunland uses a periodic inventory system.
Calculate the cost of the ending inventory and cost of goods sold under weighted average.
this is ACCOUNTANCY subject
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
1st Edition
0072992573, 9780072992571
