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Requirements: Use the following table to determine the value of ending inventory using the Weighted Average Cost method: Date Units Purchased Cost per Unit January
- Requirements: Use the following table to determine the value of ending inventory using the Weighted Average Cost method:
Date | Units Purchased | Cost per Unit |
January 1 | 100 | $10 |
February 1 | 150 | $12 |
March 1 | 200 | $15 |
Units Sold | 300 |
Calculate the value of ending inventory.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
