Question
Pharoah Inc. uses the average cost formula in a perpetual inventory system. June 1 Beginning inventory. 26 units @$19 per unit June 5. Purchase 94
Pharoah Inc. uses the average cost formula in a perpetual inventory system.
June 1 Beginning inventory. 26 units @$19 per unit
June 5. Purchase 94 units @$22 per unit
June 8. Sale 70 units
June 9 Purchase 85 units@22.70 per unit
June 10. Sale 25 units
June 22. Sale 40 units
Pharoah Inc. has an ending inventory on June 30 of
- $1589.00.
- $1554.00.
- $1533.68.
- $1483.00.
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Managerial Accounting
Authors: Kulp, Susan, Dragoo, Amie, Hartgraves, Al L, Morse Wayne J.
9th Edition
1618533622, 9781618533623
