Question
RJ Corporation has provided the following information about one of its inventory items: DateTransactionNumber of UnitsCost per Unit1/1Beginning Inventory400 $3,200 6/6Purchase800$3,600 9/10Purchase1,200$4,000 11/15Purchase800$4,200 During the
RJ Corporation has provided the following information about one of its inventory items:
DateTransactionNumber of UnitsCost per Unit1/1Beginning Inventory400 $3,200
6/6Purchase800$3,600
9/10Purchase1,200$4,000
11/15Purchase800$4,200
During the year, RJ sold 3,000 units.
What was ending inventory using the average cost flow assumption?
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Understanding Business Ethics
Authors: Peter A. Stanwick, Sarah D. Stanwick
3rd Edition
1506303234, 9781506303239
