Question
Sanfillipo, Incorporated, had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during
Sanfillipo, Incorporated, had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Sales 600 units Date March 8 March 15 March 22 March 27 400 units @ $22 each 400 units @ $24 each Multiple Choice Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of inventory at the end of March applying the average cost meth
od is: $12,900. $14,400. Purchases $12,000. $14,000. 400 units
Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March. The cost of inventory at the end of March applying the average cost method is: Multiple Choice $12,900. $14,400. $12,000. $14,000Step by Step Solution
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