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90) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr. 20 Purchase Number of Units 500 400 Unit Cost $ 2.40 2.50

90) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr. 20 Purchase Number of Units 500 400 Unit Cost $ 2.40 2.50

FINANCIAL ACCOUNTING
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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Please answer the 2 following questions:

90) Inventory records for Dunbar Incorporated revealed the following: Date Apr. 1 Beginning Inventory Apr. 20 Purchase 489 Transaction 502 490 480 Number of Units 500 400 Dunbar sold 700 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals) Unit Cost $ 2.40 2.50
Transcribed Image Text:90) Inventory records for Dunbar Incorporated revealed the following: Date Apr. 1 Beginning Inventory Apr. 20 Purchase 489 Transaction 502 490 480 Number of Units 500 400 Dunbar sold 700 units of inventory during the month. Ending inventory assuming weighted-average cost would be: (Round weighted-average unit cost to 4 decimals) Unit Cost $ 2.40 2.50
88) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr. 20 Purchase O 470 O 490 480 Number of Units O 500 500 400 Dunbar sold 700 units of inventory during the month. Ending inventory assuming LIFO would be: Unit Cost $2.40 2.50
Transcribed Image Text:88) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Apr. 1 Beginning Inventory Apr. 20 Purchase O 470 O 490 480 Number of Units O 500 500 400 Dunbar sold 700 units of inventory during the month. Ending inventory assuming LIFO would be: Unit Cost $2.40 2.50
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