Consider the following Inventory records for Techwear Corporation: Date Jul. 1 Beginning inventory Jul.22 Purchase Transaction The company sold 630 units of Inventory during the month. Calculate the ending Inventory assuming the company uses weighted-average cost. (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $544 O $657 $587 Number Unit of Units Cost 480 $2.42 380 2.72 $591
Consider the following Inventory records for Techwear Corporation: Date Jul. 1 Beginning inventory Jul.22 Purchase Transaction The company sold 630 units of Inventory during the month. Calculate the ending Inventory assuming the company uses weighted-average cost. (Round weighted-average unit cost to 4 decimal places and final answer to the nearest dollar amount.) Multiple Choice $544 O $657 $587 Number Unit of Units Cost 480 $2.42 380 2.72 $591
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter20: Accounting For Inventory
Section: Chapter Questions
Problem 3AP
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