For the next questions, please refer to the given data: UNIT UC Total Cost November 1 Balance 20,000 P10 P200,000 November 2 Purchase 30,000 12 360,000 November 4 Sale 25,000 November 10 Purchase 15,000 14 210,000 November 15 Sale 21,000 November 17 Sales Return 1,000 November 28 Purchase 20,000 16.75 335,000
For the next questions, please refer to the given data: UNIT UC Total Cost November 1 Balance 20,000 P10 P200,000 November 2 Purchase 30,000 12 360,000 November 4 Sale 25,000 November 10 Purchase 15,000 14 210,000 November 15 Sale 21,000 November 17 Sales Return 1,000 November 28 Purchase 20,000 16.75 335,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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USING THE WEIGHTED AVERAGE METHOD, HOW MUCH IS THE COST OF INVENTORY AT THE END OF NOVEMBER?
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