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Ivanhoe Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Date
Ivanhoe Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 74 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 35 $10 $350 15 24 22 Purchase 25 11 275 Purchase 40 12 4801 Total 100 $1,105 (a1) Calculate the weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average unit cost
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Payroll Accounting 2016
Authors: Jeanette Landin, Paulette Schirmer
2nd edition
978-1259821950, 1259821951, 1259572196, 978-1259572197
