A company had the following inventory transactions during the month of January 2018. Receipts Jan. 1 500 units @ $20 each Jan. 5 1,000 units @ $30 each Jan 10 600 units @ $40 each Select one: Issues What is the weighted average unit cost of closing inventory to the nearest dollar? O a. $36 O b. $45 O c. $33 O d. $40 Jan. 8 1,200 units @ $50 each

A company had the following inventory transactions during the month of January 2018. Receipts Jan. 1 500 units @ $20 each Jan. 5 1,000 units @ $30 each Jan 10 600 units @ $40 each Select one: Issues What is the weighted average unit cost of closing inventory to the nearest dollar? O a. $36 O b. $45 O c. $33 O d. $40 Jan. 8 1,200 units @ $50 each

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 10EA: Calculate the cost of goods sold dollar value for A67 Company for the month, considering the...

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Question

A company had the following inventory transactions during the month of January 2018.
Receipts
Jan. 1 500 units @ $20 each
Jan. 5 1,000 units @ $30 each
Jan 10 600 units @ $40 each
Select one:
Issues
What is the weighted average unit cost of closing inventory to the nearest dollar?
O a. $36
O b. $45
O c.
$33
O d. $40
Jan. 8 1,200 units @ $50 each

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