5.19 A firm has the following transactions with its product R. 1 January 20X1 1 February 20X1 11 February 20xi Buys 12 units at $250 per unit April 20X1 1 August 20X1 1 December 20X1 Sells 12 units at $400 per unit Opening inventory: nil Buys 10 units at $300 per unit Sells 8 units at $400 per unit Buys 6 units at $200 per unit The firm uses periodic weighted average cost (AVCO) to value its inventory. What is the inventory value at the end of the year? (Give your answer to 2 decimal places

5.19 A firm has the following transactions with its product R. 1 January 20X1 1 February 20X1 11 February 20xi Buys 12 units at $250 per unit April 20X1 1 August 20X1 1 December 20X1 Sells 12 units at $400 per unit Opening inventory: nil Buys 10 units at $300 per unit Sells 8 units at $400 per unit Buys 6 units at $200 per unit The firm uses periodic weighted average cost (AVCO) to value its inventory. What is the inventory value at the end of the year? (Give your answer to 2 decimal places

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter15: Managing Short-term Assets

Section: Chapter Questions

Problem 15PROB

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