Assume that Maycces uses a perpetual weighted average inventory system. Its ending inventory consists of 13 units. Calculate the dollar value of its ending inventory assuming the following information.   Jan 1 Beginning Inventory 10 @ $12 Jan 5 Purchase 10 @ $15 Jan 30 Purchase 10 @ $18 Feb 8 Sale 17 units x $50 each   Multiple choice question. $225 $255 $195 $165

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Assume that Maycces uses a perpetual weighted average inventory system. Its ending inventory consists of 13 units. Calculate the dollar value of its ending inventory assuming the following information.

 

Jan 1

Beginning Inventory

10 @ $12

Jan 5

Purchase

10 @ $15

Jan 30

Purchase

10 @ $18

Feb 8

Sale

17 units x $50 each

 

Multiple choice question.

$225

$255

$195

$165

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