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: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.11E: Inventory Costing Methods VanderMeer Inc. reported the following information for the month of...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F88c71037-519b-4fb7-8025-c0f1415ef5af%2F435f6f33-29e0-41d5-aad2-c2d4824f48ac%2Fwtbbss_processed.jpeg&w=3840&q=75)
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F88c71037-519b-4fb7-8025-c0f1415ef5af%2F435f6f33-29e0-41d5-aad2-c2d4824f48ac%2Fquz3i6q_processed.jpeg&w=3840&q=75)
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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