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Wildhorse has the following inventory information for the month of july: Balance at July 1: 3000 Units, $9.67 unit cost, $29010 Total Cost Purchases July
Wildhorse has the following inventory information for the month of july:
Balance at July 1: 3000 Units, $9.67 unit cost, $29010 Total Cost Purchases July 12: 2100 Units, $10.50 unit cost, $22050 Total Cost July 26: 2800 Units, $11.61 unit cost, $32508 Total Cost Sales July 17: (2600) Units July 31: (4300) Units Balance at July 31: 1000 Units
assuming that wildhorse uses the perpetual inventory system, what is the inventory value after the july 17 sale? assume that wildhorse uses the moving-average inventory method.
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