Bramble Corp. has the following inventory data: July 1 Beginning inventory 42 units at $20 $840 7 Purchases 138 units at $21 2898 22 Purchases 20 units at $22 440 $4178 A physical count of merchandise inventory on July 30 reveals that there are 53 units on hand. Using the average cost method, the value of ending inventory is $1166. $1113. $1133. $1107.
Bramble Corp. has the following inventory data: July 1 Beginning inventory 42 units at $20 $840 7 Purchases 138 units at $21 2898 22 Purchases 20 units at $22 440 $4178 A physical count of merchandise inventory on July 30 reveals that there are 53 units on hand. Using the average cost method, the value of ending inventory is $1166. $1113. $1133. $1107.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Bramble Corp. has the following inventory
data: July 1 Beginning inventory 42 units at
$20 $840 7 Purchases 138 units at $21
2898 22 Purchases 20 units at $22 440
$4178 A physical count of merchandise
inventory on July 30 reveals that there are
53 units on hand. Using the average cost
method, the value of ending inventory is
$1166.
$1113.
$1133.
$1107.
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