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Accounting
Current Attempt in Progress Crane's Place recorded the following data: Units Unit Cost Date Received Sold On Hand 600 $2.40 1/1 Inventory 1/8 1040 Purchased 1/12 Sold 1640 3.00 1190 450 The weighted average unit cost of the inventory at January 31 is (Round your answers to 2 decimal places): O $3.40. $2.78. ○ $2.40. O $2.72. -/3

Current Attempt in Progress Crane's Place recorded the following data: Units Unit Cost Date Received Sold On Hand 600 $2.40 1/1 Inventory 1/8 1040 Purchased 1/12 Sold 1640 3.00 1190 450 The weighted average unit cost of the inventory at January 31 is (Round your answers to 2 decimal places): O $3.40. $2.78. ○ $2.40. O $2.72. -/3

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Current Attempt in Progress Crane's Place recorded the following data: Units Unit Cost Date Received Sold On Hand 600 $2.40 1/1 Inventory 1/8 1040 Purchased 1/12 Sold 1640 3.00 1190 450 The weighted average unit cost of the inventory at January 31 is (Round your answers to 2 decimal places): O $3.40. $2.78. ○ $2.40. O $2.72. -/3
Transcribed Image Text:Current Attempt in Progress Crane's Place recorded the following data: Units Unit Cost Date Received Sold On Hand 600 $2.40 1/1 Inventory 1/8 1040 Purchased 1/12 Sold 1640 3.00 1190 450 The weighted average unit cost of the inventory at January 31 is (Round your answers to 2 decimal places): O $3.40. $2.78. ○ $2.40. O $2.72. -/3
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