7) Given the following data, what is the weighted-average cost of ending inventory for a periodic 7)inventory system rounded to the nearest whole dollar? (Do not round in thecalculations, only round your final answer.)process ofyourSales revenue100 units at $15 per unitBeginning inventory40 units at $9perunitPurchases80 units at $10 per unitA) $200B) $180C) $300D) $193

Name: 7) Given the following data, what is the weighted-average cost of end
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Description: 7) Given the following data, what is the weighted-average cost of ending inventory for a periodic 7)inventory system rounded to the nearest whole dollar? (Do not round in thecalculations, only round your final answer.)process ofyourSales revenue100

A weighted average method is one of the methods used for the valuation of inventory. These are based…

Business

Accounting

7) Given the following data, what is the weighted-average cost of ending inventory for a periodic 7) inventory system rounded to the nearest whole dollar? (Do not round in the process of your calculations, only round your final answer.) Sales revenue 100 units at $15 per unit Beginning inventory 40 units at $9 per unit Purchases 80 units at $10 per unit A) $200 B) $180 C) $300 D) $193

7) Given the following data, what is the weighted-average cost of ending inventory for a periodic 7) inventory system rounded to the nearest whole dollar? (Do not round in the process of your calculations, only round your final answer.) Sales revenue 100 units at $15 per unit Beginning inventory 40 units at $9 per unit Purchases 80 units at $10 per unit A) $200 B) $180 C) $300 D) $193

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Oriole Company's record of transactions concerning part WA6 for the month of September was as follows. Purchases September 1 (balance on hand) 3 (a1) نا 12 292 2 16 300 200 @ 300 @ 300 @ 500 @ 300 @ $13.00 Average-cost per unit $ @ 13.10 13.25 13.30 13.30 13.40 Sales September 4 17 27 30 400 600 300 200 Calculate average-cost per unit. Assume that perpetual inventory records are kept in units only. (Round answer to 2 decimal places, eg. 2.76.)
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