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The following units of an inventory item were available for sale during the year: Unit Unit Cost Beginning inventory 10 $55 First purchase 29
The following units of an inventory item were available for sale during the year: Unit Unit Cost Beginning inventory 10 $55 First purchase 29 60 Second purchase 35 65 Third purchase 16 70 The firm uses the periodic inventory system. During the year, 62 units of the item were sold. The value of ending inventory rounded to nearest dollar using average cost is:
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
