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Products in an automotive store consist of the following: 100 car floor mats delivered on January 10 at a cost of $20 each and 150
Products in an automotive store consist of the following: 100 car floor mats delivered on January 10 at a cost of $20 each and 150 car floor mats delivered on February 2 at a cost of $22 each. They are all the same model. Using the average cost method, what would the value of inventory be if 120 mats were sold on February 14?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
