Bonita Company has the following inventory information.July 15142130Beginning Inventory 30 units at $90Purchases70 units at $9045 units40 units at $9028 units$6016O $6035$6010O $6030SalePurchasesSaleAssuming that a perpetual inventory system is used, what is the ending inventory (round all unit costs to three decimal places and allcost of goods sold and balance calculations to nearest dollar) under the moving-average cost method?

Name: Bonita Company has the following inventory information.July 15142130B
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Description: Bonita Company has the following inventory information.July 15142130Beginning Inventory 30 units at $90Purchases70 units at $9045 units40 units at $9028 units$6016O $6035$6010O $6030SalePurchasesSaleAssuming that a perpetual inventory system is used

To calculate the ending inventory using the moving-average cost method, we need to calculate the…

Answered: July 1 5 14 21 Beginning Inventory 30…

Business

Accounting

July 1 5 14 21 Beginning Inventory 30 units at $90 Purchases 70 units at $90 45 units 40 units at $90 Sale Purchases

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter6: Inventories

Section: Chapter Questions

Problem 2PB: LIFO perpetual inventory The beginning inventory for Dunne Co. and data on purchases and sales for a...

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