Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Q9: Morrison Private limited company hired you to prepare store ledger account. The details show that the company: Purchased 40 units of Inventory @$3 on
Q9: Morrison Private limited company hired you to prepare store ledger account. The details show that the company: Purchased 40 units of Inventory @$3 on 1st June, 2019. 10 units @ $5 each and 50 units @$2 and 25 units @ $2 on 3rd June 2020. In the last of the month of June your company purchased 120 units of Inventory @$ 6. The total balance of the Store Inventory accounts was Showing $ 940. If your company want to issue 60 Units Inventory at Simple average method. What will be the total amount of issue of Inventory? Select one: a. $480 b. $600 C. $300 d. $180
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started