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Use the following data below to calculate the cost of ending inventory under the weighted average cost method. January 1 Beginning Inventory 25 units at
Use the following data below to calculate the cost of ending inventory under the weighted average cost method. January 1 Beginning Inventory 25 units at $20 each January 10 Purchase 30 units at $25 each January 20 Purchase 45 units at $30 each On January 31, ending inventory consisted of 25 units. a. $650 b. $702 c. $500 d. $900
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
