The GMA corporation shows the folowing data related to an item of Inventory Inventory, January 1 100 units @P50 Purchases, January 9 300 units @ P54 Purchases, January 19 90 units @ P60 Sales, January 20 340 units Inventory, January 31 150 units What value should be assigned to the Cost of Sale using Moving Average method? None of the above O 18,754.14 O18,457.14 O 18,547.14 O 8,412.86
The GMA corporation shows the folowing data related to an item of Inventory Inventory, January 1 100 units @P50 Purchases, January 9 300 units @ P54 Purchases, January 19 90 units @ P60 Sales, January 20 340 units Inventory, January 31 150 units What value should be assigned to the Cost of Sale using Moving Average method? None of the above O 18,754.14 O18,457.14 O 18,547.14 O 8,412.86
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 6P: Retail Inventory Method Turner Corporation uses the retail inventory method. The following...
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Question
![The GMA corporation shows the folowing data related to an
item of Inventory
Inventory, January 1
100 units @P50
Purchases, January 9
300 units @ P54
Purchases, January 19
90 units @ P60
Sales, January 20
340 units
Inventory, January 31
150 units
What value should be assigned to the Cost of Sale using Moving Average method?
None of the above
O 18,754.14
O18,457.14
O 18,547.14
O 8,412.86](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27da523c-1305-4dba-b632-4fe08ad77799%2F0bc2af7d-43e5-4aec-be20-d590a58734cf%2Fcjst37_processed.png&w=3840&q=75)
Transcribed Image Text:The GMA corporation shows the folowing data related to an
item of Inventory
Inventory, January 1
100 units @P50
Purchases, January 9
300 units @ P54
Purchases, January 19
90 units @ P60
Sales, January 20
340 units
Inventory, January 31
150 units
What value should be assigned to the Cost of Sale using Moving Average method?
None of the above
O 18,754.14
O18,457.14
O 18,547.14
O 8,412.86
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