The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Derzon, Inc. for an operating period.Beginning InventorySale No. 1Purchase No. 1Sale No. 2Purchase No. 2TotalsSelect one:OA. $1,474B. $1,488C. $2,200D. $1,520Units Unit Cost Total Cost Units Sold30$28 $ 840OOO502010040442,0002040Assuming Derzon, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is:880$3,720 60

Name: The following data represent the beginning inventory and, in order of
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Description: The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Derzon, Inc. for an operating period.Beginning InventorySale No. 1Purchase No. 1Sale No. 2Purchase No. 2TotalsSelect one:OA. $1,474B. $1,488

calculation of weighted average Price per unit = 30 × $28 + 50 ×$40+ 20×$44100 units =…

Answered: 20 100 44 40 880 $3,720 60 c. uses…

Business

Accounting

20 100 44 40 880 $3,720 60 c. uses weighted-average (periodic) inventory procedures, the end

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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