间用(T)The periodic inventory records of Synergy Prosthetics indicate the following for the current year:DateTransactionNumber ofUnitsUnit CostTotal CostBeginningJan. 1Inventory20$22$440Mar. 4Purchase2521525Jun. 9Purchase3020600Nov. 11Purchase3018540Total105$2,105For the entire year, the company sells 81 units of inventory for $30 each. What is the cost of ending inventory under average cost method?a. $1,623.86b. $2,430c. $432Od. $481.14

Lets understand the basics.Ending inventory and cost of goods sold can be calculated using,(1)…

The periodic inventory records of Synergy Prosthetics indicate the following for Date Transaction Number of Units Unit Cost Total Cost Beginning Jan. 1 Inventory 20 20 $22 $440 Mar. 4 Purchase 25 25 21 525 Jun. 9 Purchase 30 20 20 600 Nov. 11 Purchase 30 18 540 Total 105 $2.105

The periodic inventory records of Synergy Prosthetics indicate the following for Date Transaction Number of Units Unit Cost Total Cost Beginning Jan. 1 Inventory 20 20 $22 $440 Mar. 4 Purchase 25 25 21 525 Jun. 9 Purchase 30 20 20 600 Nov. 11 Purchase 30 18 540 Total 105 $2.105

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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