Question
QUESTION 29 Unitech has the following inventory information. July 1 Beginning Inventory 60 units at $19 $ 1,140 7 Purchases 210 units at $20 4,200
QUESTION 29
Unitech has the following inventory information.
July 1 Beginning Inventory 60 units at $19 $ 1,140
7 Purchases 210 units at $20 4,200
22 Purchases 30 units at $22 660
$6,000
A physical count of merchandise inventory on July 31 reveals that there are 90 units on hand. Using the average-cost method, the value of ending inventory is
| $1,740. | ||
| $1,800. | ||
| $1,830. | ||
| $1,860. |
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
