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Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using weighted average. Date Activities Units Sold
Using the information given below for a company that uses a perpetual inventory system, calculate the ending inventory using weighted average. 
Date Activities Units Sold at Retail January 1 Beginning inventory January 5 Purchase Units Acquired at Cost 200 units @ $100 = $20,000 800 units @ $110 = $88,000 Sale 840 units sold January 10 January 15 January 25 Purchase 240 units @ $120 = $28,800 Sale 100 units sold Step by Step Solution
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Budgeting And Financial Management For Nonprofit Organizations Using Money To Drive Mission Success
Authors: Lynne A. Weikart, Greg G. Chen, Edward M. Sermier
1st Edition
1608716937, 978-1608716937
