Question
Oficio Co. recorded the following data pertaining to raw material X during January 2016: Units DateReceivedCostIssuedOn Hand 1/1/16Inventory$8.003,200 1/11/16Issue1,6001,600 1/22/16Purchase4,000$9.405,600 The moving-average unit cost of
Oficio Co. recorded the following data pertaining to raw material X during January 2016:
Units
DateReceivedCostIssuedOn Hand
1/1/16Inventory$8.003,200
1/11/16Issue1,6001,600
1/22/16Purchase4,000$9.405,600
The moving-average unit cost of X inventory at January 31, 2016 is $?
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Introduction To Financial Accounting
Authors: Charles T Horngren, Gary L Sundem
10th Edition
136122973, 978-0136122975
