Business, 04.03.2020 22:55, Evilgus4846
ABC starts a merchandising business on December 1 and enters into the following three inventory purchases:
Purchases on December 7 20 units @ $14.00 cost
Purchases on December 14 36 units @ $21.00 cost
Purchases on December 21 30 units @ $25.00 cost
ABC sells 28 units for $50 each on December 15. ABC uses a perpetual inventory system. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method.
Answers: 1
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ABC starts a merchandising business on December 1 and enters into the following three inventory purc...
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