Question
Pharoah Company has the following inventory data: July 1 Beginning inventory 30 units @ $23 $690 July 7 Purchases 169 units @ $24 4056 July
Pharoah Company has the following inventory data:
- July 1 Beginning inventory 30 units @ $23 $690
- July 7 Purchases 169 units @ $24 4056
- July 22 Purchases 31 units @ $22 682
$5428
======
A physical count of merchandise inventory on July 30 reveals that there are 71 units on hand. Using the average cost method, the value of ending inventory is.
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Labor and Employment Law Text and Cases
Authors: David Twomey
15th edition
1133188281, 978-1133711841, 1133711847, 978-1285247632, 978-1133188285
