20 100 44 40 880 $3,720 60 c. uses weighted-average (periodic) inventory procedures, the end
20 100 44 40 880 $3,720 60 c. uses weighted-average (periodic) inventory procedures, the end
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Derzon, Inc. for an operating period.
Beginning Inventory
Sale No. 1
Purchase No. 1
Sale No. 2
Purchase No. 2
Totals
Select one:
OA. $1,474
B. $1,488
C. $2,200
D. $1,520
Units Unit Cost Total Cost Units Sold
30
$28 $ 840
O
O
O
50
20
100
40
44
2,000
20
40
Assuming Derzon, Inc. uses weighted-average (periodic) inventory procedures, the ending inventory cost is:
880
$3,720 60
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