Question
Use the following data of Bluefish Sales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 16 $4 $64 Purchase on Apr 25 25
Use the following data of Bluefish Sales, Inc.:
|
|
| Unit | Total | Units |
|
| Units | Cost | Cost | Sold |
| Beginning inventory | 16 | $4 | $64 | |
| Purchase on Apr 25 | 25 | 7 | 175 | |
| Purchase on Nov 16 | 11 | 10 | 110 | |
| Sales | 40 | ? | ? |
|
Bluefish Sales' average cost of ending inventory is
A) 400
B) 117
C) 64
D) 81
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Internal Auditing Pocket Guide
Authors: J. P. Russell
1st Edition
0873895606, 978-0873895606
