Question
Multiple Choice Question 106 Transactions for the month of June were: Purchases Sales June 1 (balance) 3210 @ $3.10 June 2 2410 @ $5.30 3
Multiple Choice Question 106
Transactions for the month of June were:
| Purchases | Sales | |||||||
| June 1 | (balance) 3210 @ | $3.10 | June 2 | 2410 @ | $5.30 | |||
| 3 | 8880 @ | 3.00 | 6 | 6350 @ | 5.30 | |||
| 7 | 4890 @ | 3.20 | 9 | 4000 @ | 5.30 | |||
| 15 | 7250 @ | 3.30 | 10 | 1510 @ | 5 | |||
| 22 | 2020 @ | 3.40 | 18 | 5520 @ | 5 | |||
| 25 | 780 @ | 5 | ||||||
Assuming that periodic inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is
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A Textbook Of Cost And Management Accounting
Authors: M N Arora
11th Edition
9390470501, 978-9390470501
