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Purchased 150 units of Item A at $24 and 200 units of Item A at $27 and 300 units of Item A at $26. 550 units were sold to customers. What cost should you multiply by the total 100 quantity left to get the ending inventory amount?

Purchased 150 units of Item A at $24 and 200 units of Item A at $27 and 300 units of Item A at $26. 550 units were sold to customers. What cost should you multiply by the total 100 quantity left to get the ending inventory amount?

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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Purchased 150 units of Item A at $24 and 200 units of Item A at $27 and 300 units of Item A at $26. 550 units were sold to customers. What cost should you multiply by the total 100 quantity left to get the ending inventory amount?
Transcribed Image Text:Purchased 150 units of Item A at $24 and 200 units of Item A at $27 and 300 units of Item A at $26. 550 units were sold to customers. What cost should you multiply by the total 100 quantity left to get the ending inventory amount?
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