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JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units 500 700 Cost per Unit 400 May 5 May 10 May 15 $4.50 Adams sells 1,200 units on May 11 and uses the Weighted Average method of inventory costing. What is Adams' Ending Inventory? Group of answer choices a 8,000 b 1,800 C 800 do $4 $6 Total Cost $2,000 $4,200 1,800

JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units 500 700 Cost per Unit 400 May 5 May 10 May 15 $4.50 Adams sells 1,200 units on May 11 and uses the Weighted Average method of inventory costing. What is Adams' Ending Inventory? Group of answer choices a 8,000 b 1,800 C 800 do $4 $6 Total Cost $2,000 $4,200 1,800

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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JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units 500 700 Cost per Unit May 5 $4 May 10 $6 May 15 $4.50 Adams sells 1,200units on May 11 and uses the Weighted Average method of inventory costing. What is Adams' Ending Inventory? Group of answer choices a 8,000 b 1,800 C 800 do 400 Total Cost $2,000 $4,200 1,800
Transcribed Image Text:JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units 500 700 Cost per Unit May 5 $4 May 10 $6 May 15 $4.50 Adams sells 1,200units on May 11 and uses the Weighted Average method of inventory costing. What is Adams' Ending Inventory? Group of answer choices a 8,000 b 1,800 C 800 do 400 Total Cost $2,000 $4,200 1,800
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