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Movement Company provided the following information for the current year: Unit Cost Total Cost 1,500 300,000 525,000 1,000,000 January 1 Inventory on hand April
Movement Company provided the following information for the current year: Unit Cost Total Cost 1,500 300,000 525,000 1,000,000 January 1 Inventory on hand April 3 Purchase October 1 Purchase Units 200 300 500 1,750 2,000 The entity sold 400 units on June 25 and 400 on December 10. What is the weighted average cost of the inventory at year-end?
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1 Calculate the total cost for each purchase Cost of January 1 Inventory 200 un...
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
