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Table 1 Assume the following data for Kruger Sales for November 2010: Beginning inventory Nov. 1 Sale Nov. 3 Nov. 6 purchase Sale Nov. 8
Table 1 Assume the following data for Kruger Sales for November 2010: Beginning inventory Nov. 1 Sale Nov. 3 Nov. 6 purchase Sale Nov. 8 Sale Nov.9 5 units at $90 each 3 units at $120 each 11 units at $95 each 4 units at $120 each 3 units at $120 each On November 30, a physical count reveals 6 units on hand. 2) Refer to Table 1 Calculate ending inventory for Kruger Sales assuming the weighted average cost method is being used and a periodic inventory system. /12
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