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XYZ Company had 2 units in inventory, at $4 unit-cost. They purchased 9 units, $9 per unit in January and purchased another 2 units, $10
XYZ Company had 2 units in inventory, at $4 unit-cost. They purchased 9 units, $9 per unit in January and purchased another 2 units, $10 per unit, in July. XYZ ended up with 5 units in its ending inventory (1 unit with a unit cost of $9 and 4 with a unit cost of $10). If XYZ used the average cost method.
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Using the average cost method we first need to calculate the weighted average cost per unit Weig...
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
