Purchases of an inventory item during last monthvere as follows:Number of items Unit price$5.00510815$8.00$6.00$3.00What was the weighted average price per item?O aObO cOd$5.21$49.50$55.50$5.50

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Description: Purchases of an inventory item during last monthvere as follows:Number of items Unit price$5.00510815$8.00$6.00$3.00What was the weighted average price per item?O aObO cOd$5.21$49.50$55.50$5.50

Inventory valuation method includes: FIFO Method LIFO Method Weighted average method FIFO Method-…

Business

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Purchases of an inventory item during last month were as follows: Number of items Unit price $5.00 $8.00 $6.00 $3.00 5 10 8 15 What was the weighted average price per item? O a $5.21 O b $49.50 O c $55.50 Od $5.50

Purchases of an inventory item during last month were as follows: Number of items Unit price $5.00 $8.00 $6.00 $3.00 5 10 8 15 What was the weighted average price per item? O a $5.21 O b $49.50 O c $55.50 Od $5.50

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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A.4
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B15.
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