JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units Cost per Unit May 5 500 $4 May 10 700 $6 May 15 400 2.500 6.000 Adams sells 500 units on May 20 and uses the Weighted Average method of inventory costing. What is Adams' Cost of Ending Inventory? 5.500 $4.50 X 5.600 Total Cost $2.000 $4,200 1,800

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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JB Adams Inc. had the following purchase transactions in May
Date of Purchase Number of Units Cost per Unit
Total Cost
May 5
$4
$2,000
May 10
$6
$4,200
May 15
$4.50
1,800
Adams sells 500 units on May 20 and uses the Weighted Average
method of inventory costing. What is Adams' Cost of Ending Inventory?
2.500
6,000
5.500
500
700
400
5.600
Transcribed Image Text:JB Adams Inc. had the following purchase transactions in May Date of Purchase Number of Units Cost per Unit Total Cost May 5 $4 $2,000 May 10 $6 $4,200 May 15 $4.50 1,800 Adams sells 500 units on May 20 and uses the Weighted Average method of inventory costing. What is Adams' Cost of Ending Inventory? 2.500 6,000 5.500 500 700 400 5.600
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