Question
The beginning inventory of an alarm clock was 4 units at a cost of $5 each. Purchases consisted of 4 units at $6 each, and
The beginning inventory of an alarm clock was 4 units at a cost of $5 each. Purchases consisted of 4 units at $6 each, and 8 units at $8, and 11 units were sold for $15 each. The ending inventory under the weighted-average method of inventory costing using the periodic inventory procedure is:
|
| A. | $36.00 |
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| B. | $33.75 |
|
| C. | $74.25 |
|
| D. | $31.67 |
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Investing Amid Low Expected Returns Making The Most When Markets Offer The Least
Authors: Antti Ilmanen
1st Edition
1119860199, 978-1119860198
