The following is a record of Oriole Company’s transactions for the month of May 2022. May 1 Balance 352 units @ $20 May 10 Sale 264 units @ $38 12 Purchase 528 units @ $25 20 Sale 470 units @ $38 Compute the cost of ending inventory under the perpetual system using the moving-average method. (Round average-cost per unit to 3 decimal places, e.g., 12.225 and final answer to 0 decimal places, e.g. 12115.) Ending inventory $
The following is a record of Oriole Company’s transactions for the month of May 2022. May 1 Balance 352 units @ $20 May 10 Sale 264 units @ $38 12 Purchase 528 units @ $25 20 Sale 470 units @ $38 Compute the cost of ending inventory under the perpetual system using the moving-average method. (Round average-cost per unit to 3 decimal places, e.g., 12.225 and final answer to 0 decimal places, e.g. 12115.) Ending inventory $
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 4PEA: Beginning inventory, purchases, and sales for 30xT are as follows: Assuming a perpetual inventory...
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The following is a record of Oriole Company’s transactions for the month of May 2022.
May | 1 | Balance 352 units @ $20 | May | 10 | Sale 264 units @ $38 | |||
12 | Purchase 528 units @ $25 | 20 | Sale 470 units @ $38 |
Compute the cost of ending inventory under the perpetual system using the moving-average method. (Round average-cost per unit to 3 decimal places, e.g., 12.225 and final answer to 0 decimal places, e.g. 12115.)
Ending inventory | $ |
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