Question
Macintosh's Store uses the weighted average cost method in a perpetual inventory system and reported the following inventory information in May 2020: Unit cost Units
Macintosh's Store uses the weighted average cost method in a perpetual inventory system and reported the following inventory information in May 2020:
| Unit cost | Units | |
| Beg. balance, May 1 | $20 | 20 |
| Purchase, May 10 | $22 | 60 |
| Sale, May 18 | 40 | |
| Purchase, May 25 | $23 | 40 |
What is the cost of ending inventory at the end of May?
please answer with detailed explanation
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Human And Social Audit
Authors: N P Agarwal
1st Edition
8176113980, 978-8176113984
