Question
JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units Cost per Unit Total Cost May 5 500 $4
JB Adams Inc. had the following purchase transactions in May
| Date of Purchase | Number of Units | Cost per Unit | Total Cost |
| May 5 | 500 | $4 | $2,000 |
| May 10 | 700 | $6 | $4,200 |
| May 15 | 400 | $4.50 | 1,800 |
Adams sells 1,200units on May 11 and uses the Weighted Average method of inventory costing. What is Adams' Ending Inventory?
Group of answer choices
0
8,000
800
1,800
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Connect For Financial Accounting Information For Decisions
Authors: Author
10th Edition
1260386937, 9781260386936
