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Jan. 1 Inventory Use this information to answer the following question. 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30
Jan. 1 Inventory Use this information to answer the following question. 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30 units @ $4.20 25 Purchase 45 units @ $4.80 Total sales 100 units Assuming that a periodic inventory system is used, what is the cost assigned to ending inventory under Average Cost? a. $217.50 b. $444 c. $435 d. $870 e. $222
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Principles Of Accounting
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
978-0077300456, 0077300459
