A company just starting the business made the following four inventory purchases in June: Unit Unit Cost Total Cost June 1 150 units 5.2 June 10 200 units 5.85 June 15 200 units 6.4 June 28 150 units 6.6 A physical count of merchandise inventory on June 30 show that 200 units on hand. Using the Average Method of inventory, the value of the ending inventory on June 30 is: Select one: a. OMR 1,000. O b. OMR 1,300. O c. OMR 1,200. O d. OMR 1,500. e. OMR 1,250.

A company just starting the business made the following four inventory purchases in June: Unit Unit Cost Total Cost June 1 150 units 5.2 June 10 200 units 5.85 June 15 200 units 6.4 June 28 150 units 6.6 A physical count of merchandise inventory on June 30 show that 200 units on hand. Using the Average Method of inventory, the value of the ending inventory on June 30 is: Select one: a. OMR 1,000. O b. OMR 1,300. O c. OMR 1,200. O d. OMR 1,500. e. OMR 1,250.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter7: Inventories

Section: Chapter Questions

Problem 3PEA: Beginning inventory, purchases, and sales for Item Zebra 9x are as follows: Assuming a perpetual...

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