Question
$/Unit Quantity Inventory, September 1 100 50 Purchase, September 12 120 10 Goods Available Sale, September 25 150 12 Luna Seafood, Inc.'s inventory activity in
| $/Unit | Quantity | |
| Inventory, September 1 | 100 | 50 |
| Purchase, September 12 | 120 | 10 |
| Goods Available | ||
| Sale, September 25 | 150 | 12 |
Luna Seafood, Inc.'s inventory activity in September was as follows:
Calculate the Inventory at the end of the month using the Average Cost method.
Round answer to nearest whole dollar.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
