Marigold Company has the following inventory information. July 1 Beginning Inventory 30 units at $80 Purchases 70 units at $90 14 Sale 45 units 21 Purchases 40 units at $50 30 Sale 30 units Assuming that a perpetual inventory system is used, what is the ending inventory tround all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method? O $4642 O $4628 O $4647 O $4622

Marigold Company has the following inventory information. July 1 Beginning Inventory 30 units at $80 Purchases 70 units at $90 14 Sale 45 units 21 Purchases 40 units at $50 30 Sale 30 units Assuming that a perpetual inventory system is used, what is the ending inventory tround all unit costs to three decimal places and all cost of goods sold and balance calculations to nearest dollar) under the moving-average cost method? O $4642 O $4628 O $4647 O $4622

Name: Marigold Company has the following inventory information.July 1Beginn
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Description: Marigold Company has the following inventory information.July 1Beginning Inventory 30 units at $80Purchases70 units at $9014Sale45 units21Purchases40 units at $5030Sale30 unitsAssuming that a perpetual inventory system is used, what is the ending in

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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