Use the weighted-average inventory method to calculate the cost of the ending inventory for the ind Units Cost per Total Retail price Total retail cost per unit $1,067 $184 $150 $532 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory $ purchased 97 23 15 38 173 88 85 unit $11 $8 $10 $14 (Round to the nearest cent as needed.) $1,933 $17 $12 $18 $21 value $1,649 $276 $270 $798 $2,993

Use the weighted-average inventory method to calculate the cost of the ending inventory for the ind Units Cost per Total Retail price Total retail cost per unit $1,067 $184 $150 $532 Date of purchase Beginning inventory February 5 February 19 March 3 Goods available for sale Units sold Ending inventory $ purchased 97 23 15 38 173 88 85 unit $11 $8 $10 $14 (Round to the nearest cent as needed.) $1,933 $17 $12 $18 $21 value $1,649 $276 $270 $798 $2,993

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 7PA: Use the weighted-average (AVG) cost allocation method, with perpetual inventory updating, to...

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