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River, Inc. provided the following summary for May: Beginning inventory consisted of 200 units costing $400. 5/1 Purchased 200 units @$3.00 per unit 5/15 Sold
River, Inc. provided the following summary for May: Beginning inventory consisted of 200 units costing $400. 5/1 Purchased 200 units @$3.00 per unit 5/15 Sold 40 units 5/21 Purchased 300 units @$5.00 per unit 5/31 Purchased 40 units @ $10.00 per unit What was River's cost per unit at the end of May, using the moving average method?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
