Activity Number of units Price per unit Beginning inventory 210 €58 Purchases: #1 780 €53 Purchases: #2 630 €44 Purchases: #3 400 €37 The ending inventory at the end of this period is 509 units. Requirement: What is the value of the ending inventory for the current period using the average costing method? €29 953 €37 085 €24 200 €19 018
Activity Number of units Price per unit Beginning inventory 210 €58 Purchases: #1 780 €53 Purchases: #2 630 €44 Purchases: #3 400 €37 The ending inventory at the end of this period is 509 units. Requirement: What is the value of the ending inventory for the current period using the average costing method? €29 953 €37 085 €24 200 €19 018
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter7: Inventories: Cost Measurement And Flow Assumptions
Section: Chapter Questions
Problem 16E: Dollar-Value LIFO A company adopted the LIFO method when its inventory was 1,800. One year later its...
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