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determaine the cost of tge inventory on december 31 by tge weighted average cost method

determaine the cost of tge inventory on december 31 by tge weighted average cost method

FINANCIAL ACCOUNTING
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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determaine the cost of tge inventory on december 31 by tge weighted average cost method .

< Model A10 B15 E60 G83 334 M90 Q70 Inventory, Purchases January 1 Invoices 1st 4 at $ 64 4 at 158 8 at $176 3 at 75 7 at 242 12 at 240 2 at 108 5 at 160 Required: 3 at 65 6 at 250 10 at 246 2 at 110 4 at 170 Purchases Invoices 2nd 4 at $ 70 3 at 170 15 at 68 5 at 260 16 at 267 3 at 128 4 at 175 Purchases Invoices 3rd 4 at $ 76 6 at 184 9 at 70 10 at 259 16 at 270 3 at 130. 7 at 180 Inventory Count, December 31 6659558 15 1. Determine the cost of the inventory on December 31 by the first-in, first-out method. If the inventory of a particular model comprises one entire purchase plus a portion of another inah
Transcribed Image Text:< Model A10 B15 E60 G83 334 M90 Q70 Inventory, Purchases January 1 Invoices 1st 4 at $ 64 4 at 158 8 at $176 3 at 75 7 at 242 12 at 240 2 at 108 5 at 160 Required: 3 at 65 6 at 250 10 at 246 2 at 110 4 at 170 Purchases Invoices 2nd 4 at $ 70 3 at 170 15 at 68 5 at 260 16 at 267 3 at 128 4 at 175 Purchases Invoices 3rd 4 at $ 76 6 at 184 9 at 70 10 at 259 16 at 270 3 at 130. 7 at 180 Inventory Count, December 31 6659558 15 1. Determine the cost of the inventory on December 31 by the first-in, first-out method. If the inventory of a particular model comprises one entire purchase plus a portion of another inah
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