Swifty Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10000 $9.00 Purchases: June 18 9000 9.00 November 8 6000 6.00 A physical inventory on December 31 shows 4300 units on hand. Swifty sells the units for $14 each. The company has an effective tax rate of 22%. Swifty uses the periodic inventory method. The weighted-average cost per unit is $8.14. $8.28. $9.10. $8.04.
Swifty Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10000 $9.00 Purchases: June 18 9000 9.00 November 8 6000 6.00 A physical inventory on December 31 shows 4300 units on hand. Swifty sells the units for $14 each. The company has an effective tax rate of 22%. Swifty uses the periodic inventory method. The weighted-average cost per unit is $8.14. $8.28. $9.10. $8.04.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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