Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9 The following information was available from the inventory records of Marigold Corp. for January: Units 9200 Unit Cost Total Cost $9.78 $89976 Balance

image text in transcribed

Question 9 The following information was available from the inventory records of Marigold Corp. for January: Units 9200 Unit Cost Total Cost $9.78 $89976 Balance at January 1 Purchases: January 6 January 26 6300 8200 10.2164323 10.68 87576 Sales January 7 (7600) January 31 (11100) at ISL2 5000 Balance at January 31 = Assuming that Marigold maintains perpetual inventory records, what should be the inventory at January 31, using the moving- average inventory method, rounded to the nearest dollar? (Round average cost per unit to 3 decimal places, e.g. 1.485.) $51620. $51142. $51027. $52072. O

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting Working Papers Volume 1

Authors: Belverd E. Needles

6th Edition

0618102337, 978-0618102334

More Books

Students also viewed these Accounting questions

Question

1. Define and explain culture and its impact on your communication

Answered: 1 week ago