Inventory records for Capetown, Incorporated revealed the following: Date April 1 April 20 Transaction Beginning Inventory Purchase Number of Units 570 Unit Cost $2.37 330 2.72 Capetown sold 590 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted-average unit cost to 4 decimals and round your final answer to the nearest whole dollar.) Multiple Choice 5789 $774 $864 $742
Inventory records for Capetown, Incorporated revealed the following: Date April 1 April 20 Transaction Beginning Inventory Purchase Number of Units 570 Unit Cost $2.37 330 2.72 Capetown sold 590 units of inventory during the month. What is the amount of ending inventory assuming weighted-average cost? (Round weighted-average unit cost to 4 decimals and round your final answer to the nearest whole dollar.) Multiple Choice 5789 $774 $864 $742
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.12AMCP
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Question
![Inventory records for Capetown, Incorporated revealed the following:
Date
April 1
April 20
Transaction
Beginning Inventory
Purchase
Number of
Units
570
330
Unit Cost
$ 2.37
2.72
Capetown sold 590 units of inventory during the month. What is the amount of ending Inventory assuming weighted-average cost? (Round weighted-average
unit cost to 4 decimals and round your final answer to the nearest whole dollar.)
Multiple Choice
$789
$774
$864
$742](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd3856456-e10e-4934-8fcd-84eb05ac847d%2Fbdb23f93-e481-43db-a481-b8467a556d43%2Fu911vs9b_processed.png&w=3840&q=75)
Transcribed Image Text:Inventory records for Capetown, Incorporated revealed the following:
Date
April 1
April 20
Transaction
Beginning Inventory
Purchase
Number of
Units
570
330
Unit Cost
$ 2.37
2.72
Capetown sold 590 units of inventory during the month. What is the amount of ending Inventory assuming weighted-average cost? (Round weighted-average
unit cost to 4 decimals and round your final answer to the nearest whole dollar.)
Multiple Choice
$789
$774
$864
$742
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