Question
Units Cost per Unit November 1 Inventory on hand 2000 $20.00 November 3 Purchase 16,000 $17.75 November 9 Sale 10,000 November 15 Purchase 8,000 $16.00
|
|
| Units | Cost per Unit |
| November 1 | Inventory on hand | 2000 | $20.00 |
| November 3 | Purchase | 16,000 | $17.75 |
| November 9 | Sale | 10,000 |
|
| November 15 | Purchase | 8,000 | $16.00 |
| November 26 | Sale | 9,000 |
|
| November 30 | Purchase | 6,000 | $14.00 |
The company only has one product.
Round $/unit values to four decimals where necessary
Calculate ending inventory using the average cost perpetual method for the month of November.
| $196,000 | ||
| $334,407 | ||
| $217,750 | ||
| $333,000 | ||
| $203,000 | ||
| $19,000 | ||
| $318,250 | ||
| None of the other answer choices is correct. | ||
| $331,875 | ||
| $13,000 |
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The Management System Auditors Handbook
Authors: Joe Kausek
1st Edition
087389670X, 978-0873896702
