Question
Windsor, Inc. has the following inventory data: July 1 Beginning inventory 42 units at $ 19 $ 798 7 Purchases 147 units at $ 20
Windsor, Inc. has the following inventory data:
| July 1 | Beginning inventory | 42 units at $19 | $798 | |||
| 7 | Purchases | 147 units at $20 | 2940 | |||
| 22 | Purchases | 21 units at $22 | 462 | |||
| $4200 |
A physical count of merchandise inventory on July 30 reveals that there are 70 units on hand. Using the average cost method, the value of ending inventory is
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Financial Accounting Information for Decisions
Authors: John J. Wild
8th edition
125953300X, 978-1259533006
