Question
Longboard Skate has the following reported for July in its periodic inventory records. Date Description Units Unit Cost July 1 Beginning Inventory 10 $5 July
- Longboard Skate has the following reported for July in its periodic inventory records.
| Date | Description | Units | Unit Cost |
| July 1 | Beginning Inventory | 10 | $5 |
| July 12 | Sale | 8 |
|
| July 15 | Purchases | 25 | $5.70 |
| July 30 | Sale | 18 |
|
What it the value of the ending inventory if Longboard Skate is using a periodic inventory system and uses a Weighted Average method of inventory valuation?
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding, Kate Mingjie Ji
4th Edition
1032024321, 9781032024325
